CQS Natural Resources Growth and Income (LON:CYN) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

CQS Natural Resources Growth and Income plc (LON:CYN) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 193.92 ($2.44) and traded as high as GBX 196 ($2.46). CQS Natural Resources Growth and Income shares last traded at GBX 193.50 ($2.43), with a volume of 204,646 shares trading hands.

CQS Natural Resources Growth and Income Price Performance

The stock has a 50-day moving average of GBX 193.92 and a two-hundred day moving average of GBX 186.41. The firm has a market cap of £120.06 million, a price-to-earnings ratio of -925.28 and a beta of 1.00. The company has a current ratio of 0.32, a quick ratio of 11.93 and a debt-to-equity ratio of 10.24.

CQS Natural Resources Growth and Income Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, October 24th were paid a GBX 1.26 ($0.02) dividend. This represents a yield of 0.68%. The ex-dividend date of this dividend was Thursday, October 24th. CQS Natural Resources Growth and Income’s dividend payout ratio is -3,000.00%.

Insider Activity

In related news, insider Louise Hall acquired 2,500 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were purchased at an average cost of GBX 196 ($2.46) per share, with a total value of £4,900 ($6,160.42). Also, insider Christopher Casey bought 10,000 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was bought at an average price of GBX 200 ($2.51) per share, with a total value of £20,000 ($25,144.58). Over the last quarter, insiders have acquired 17,500 shares of company stock worth $3,485,000. 12.62% of the stock is owned by corporate insiders.

CQS Natural Resources Growth and Income Company Profile

City Natural Resources High Yield Trust plc is a close ended balanced mutual fund launched and managed by CQS Asset Management Ltd. The fund invests in the public equity and fixed income markets across the globe. It invests in stocks of companies operating in the mining and resources sectors. For its fixed income portion, it primarily invests in mining, resource and industrial fixed interest securities such as preference shares, loan stocks and corporate bonds.