CQS Natural Resources Growth and Income (LON:CYN) Shares Pass Above 50-Day Moving Average – Should You Sell?

CQS Natural Resources Growth and Income plc (LON:CYN) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 189.67 ($2.39) and traded as high as GBX 198.63 ($2.50). CQS Natural Resources Growth and Income shares last traded at GBX 198 ($2.49), with a volume of 93,805 shares traded.

CQS Natural Resources Growth and Income Trading Down 1.5 %

The stock has a 50-day simple moving average of GBX 189.67 and a 200 day simple moving average of GBX 186.12. The company has a market cap of £124.50 million, a price-to-earnings ratio of 14.07 and a beta of 1.00.

CQS Natural Resources Growth and Income Dividend Announcement

The company also recently declared a dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Thursday, January 30th will be given a dividend of GBX 1.26 ($0.02) per share. The ex-dividend date of this dividend is Thursday, January 30th. This represents a yield of 0.68%. CQS Natural Resources Growth and Income’s dividend payout ratio is currently 42.64%.

Insider Activity

In related news, insider Seema Paterson acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was acquired at an average price of GBX 199 ($2.50) per share, with a total value of £9,950 ($12,523.60). Also, insider Christopher Casey acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was bought at an average cost of GBX 200 ($2.52) per share, with a total value of £20,000 ($25,173.06). Insiders purchased a total of 17,500 shares of company stock valued at $3,462,500 in the last quarter. 12.62% of the stock is currently owned by company insiders.

About CQS Natural Resources Growth and Income

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.