CQS Natural Resources Growth and Income (LON:CYN) Shares Cross Above 50-Day Moving Average – What’s Next?

CQS Natural Resources Growth and Income plc (LON:CYN) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 380.24 and traded as high as GBX 416. CQS Natural Resources Growth and Income shares last traded at GBX 416, with a volume of 110,069 shares changing hands.

CQS Natural Resources Growth and Income Price Performance

The company has a 50 day moving average price of GBX 382.02 and a two-hundred day moving average price of GBX 313.49. The stock has a market cap of £154.41 million, a PE ratio of 47.52 and a beta of 1.00.

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.

The closed end structure is well suited to allowing the investment management team to focus on the best returns profile, rather than liquidity as is the case with Exchange Traded Funds (“ETFs”).