BlackRock World Mining Trust (LON:BRWM) Sets New 12-Month Low – Time to Sell?

BlackRock World Mining Trust plc (LON:BRWM)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 465 ($5.85) and last traded at GBX 470 ($5.91), with a volume of 443412 shares trading hands. The stock had previously closed at GBX 480.50 ($6.04).

BlackRock World Mining Trust Stock Down 1.3 %

The firm has a market cap of £906.29 million, a PE ratio of -6,772.19 and a beta of 1.01. The company has a 50-day simple moving average of GBX 516.65 and a 200-day simple moving average of GBX 534.83. The company has a debt-to-equity ratio of 12.29, a current ratio of 0.23 and a quick ratio of 0.30.

BlackRock World Mining Trust Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, November 28th will be issued a dividend of GBX 5.50 ($0.07) per share. This represents a yield of 1.1%. The ex-dividend date of this dividend is Thursday, November 28th. BlackRock World Mining Trust’s payout ratio is currently -48,571.43%.

Insider Buying and Selling at BlackRock World Mining Trust

In related news, insider Elisabeth Scott acquired 2,200 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was bought at an average price of GBX 534 ($6.71) per share, for a total transaction of £11,748 ($14,769.93). 2.68% of the stock is currently owned by corporate insiders.

About BlackRock World Mining Trust

BlackRock World Mining Trust plc is a closed-ended equity mutual fund launched by BlackRock Fund Managers Limited. It is managed by BlackRock Investment Management (UK) Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the mining and metal sectors.