BlackRock World Mining Trust (LON:BRWM) Share Price Passes Below 50-Day Moving Average – Time to Sell?

BlackRock World Mining Trust plc (LON:BRWM) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 491.81 ($6.24) and traded as low as GBX 482 ($6.11). BlackRock World Mining Trust shares last traded at GBX 484 ($6.14), with a volume of 495,579 shares trading hands.

BlackRock World Mining Trust Stock Performance

The company has a market capitalization of £934.52 million, a PE ratio of -69.81 and a beta of 1.01. The business’s 50-day moving average is GBX 491.81 and its 200-day moving average is GBX 508.99.

BlackRock World Mining Trust Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, February 27th. Investors of record on Thursday, February 13th will be given a dividend of GBX 12 ($0.15) per share. This is a boost from BlackRock World Mining Trust’s previous dividend of $5.50. This represents a yield of 3.62%. The ex-dividend date of this dividend is Thursday, February 13th. BlackRock World Mining Trust’s dividend payout ratio (DPR) is -486.41%.

About BlackRock World Mining Trust

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.