CQS Natural Resources Growth and Income (LON:CYN) Stock Price Passes Below 50-Day Moving Average – Here’s Why

CQS Natural Resources Growth and Income plc (LON:CYN)’s share price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 190.66 ($2.38) and traded as low as GBX 183.50 ($2.29). CQS Natural Resources Growth and Income shares last traded at GBX 186.50 ($2.33), with a volume of 469,591 shares trading hands.

CQS Natural Resources Growth and Income Price Performance

The company has a debt-to-equity ratio of 10.24, a quick ratio of 11.93 and a current ratio of 0.32. The company has a market cap of £120.51 million, a P/E ratio of -928.75 and a beta of 1.00. The firm has a 50 day moving average price of GBX 190.66 and a two-hundred day moving average price of GBX 185.74.

CQS Natural Resources Growth and Income Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, January 30th will be paid a dividend of GBX 1.26 ($0.02) per share. The ex-dividend date is Thursday, January 30th. This represents a dividend yield of 0.68%. CQS Natural Resources Growth and Income’s payout ratio is -3,000.00%.

Insider Transactions at CQS Natural Resources Growth and Income

In related news, insider Christopher Casey bought 10,000 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was acquired at an average price of GBX 200 ($2.50) per share, for a total transaction of £20,000 ($24,962.56). Also, insider Seema Paterson bought 5,000 shares of the business’s stock in a transaction on Tuesday, December 10th. The stock was bought at an average price of GBX 199 ($2.48) per share, with a total value of £9,950 ($12,418.87). 12.62% of the stock is owned by corporate insiders.

CQS Natural Resources Growth and Income Company Profile

CQS Natural Resources Growth and Income Trust plc (LSE: CYN) actively invests in global energy and mining companies, with a focus on total return. It also pays a regular quarterly dividend. The flexible mandate allows the Company to shift its portfolio weighting between energy and mining, with the aim of maximising returns depending on the point in the cycle, whilst providing relative value opportunities.