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BlackRock World Mining Trust (LON:BRWM) Stock Crosses Above 50-Day Moving Average - Time to Sell?

BlackRock World Mining Trust logo with Financial Services background

Key Points

  • BlackRock World Mining Trust shares have recently surpassed their 50-day moving average, trading as high as GBX 567 ($7.49).
  • The company has a market capitalization of £1.05 billion and a negative PE ratio of -78.79.
  • BlackRock World Mining Trust aims to provide a diversified investment in mining and metal assets globally, including physical metals and royalties.
  • Need Better Tools to Track BlackRock World Mining Trust? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Shares of BlackRock World Mining Trust plc (LON:BRWM - Get Free Report) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 534.08 ($7.10) and traded as high as GBX 567 ($7.54). BlackRock World Mining Trust shares last traded at GBX 555 ($7.38), with a volume of 587,038 shares traded.

BlackRock World Mining Trust Stock Performance

The company has a market cap of £1.07 billion, a price-to-earnings ratio of -79.83 and a beta of 1.01. The stock's fifty day moving average is GBX 537.80 and its two-hundred day moving average is GBX 500.05.

BlackRock World Mining Trust Company Profile

(Get Free Report)

The Company aims to provide a diversified investment in mining and metal assets worldwide, actively managed with the objective of maximising total returns. While the policy is to invest principally in quoted securities, the Company's investment policy includes investing in royalties derived from the production of metals and minerals as well as physical metals.

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