Insider Buying: BlackRock World Mining Trust (LON:BRWM) Insider Purchases 2,900 Shares of Stock

Key Points

• On April 9, insider Marion Sears bought 2,900 shares of BlackRock World Mining Trust at an average price of GBX 971 per share for about £28,159, and also acquired 100 shares at GBX 967 the same day.
• BRWM stock was up ~1.2% to GBX 994 on the day with 428,108 shares traded; the trust has a market cap of £1.85 billion and a PE ratio of 2.72.
• The company actively invests worldwide in mining and metal assets—principally quoted securities—while allowing up to 10% in physical metals and up to 20% in unquoted investments as part of its strategy to maximize total returns.

BlackRock World Mining Trust plc (LON:BRWM - Get Free Report) insider Marion Sears bought 2,900 shares of the firm's stock in a transaction that occurred on Thursday, April 9th. The shares were purchased at an average price of GBX 971 per share, for a total transaction of £28,159.

Marion Sears also recently made the following trade(s):

• On Thursday, April 9th, Marion Sears acquired 100 shares of BlackRock World Mining Trust stock. The shares were bought at an average cost of GBX 967 per share, with a total value of £967.

BlackRock World Mining Trust Stock Up 1.2%

BRWM stock traded up GBX 12 during mid-day trading on Friday, hitting GBX 994. 428,108 shares of the company were exchanged, compared to its average volume of 916,282. BlackRock World Mining Trust plc has a twelve month low of GBX 439.50 and a twelve month high of GBX 1,060. The firm has a fifty day simple moving average of GBX 932.78 and a 200 day simple moving average of GBX 818.11. The company has a current ratio of 0.22, a quick ratio of 0.30 and a debt-to-equity ratio of 6.05. The company has a market capitalization of £1.85 billion, a PE ratio of 2.72 and a beta of 1.75.

BlackRock World Mining Trust Company Profile

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. Up to 10% of gross assets may be held in physical metals and up to 20% may be invested in unquoted investments.

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