BlackRock World Mining Trust plc (LON:BRWM - Get Free Report) shares hit a new 52-week low on Thursday . The company traded as low as GBX 458 ($5.83) and last traded at GBX 459.75 ($5.85), with a volume of 164996 shares traded. The stock had previously closed at GBX 472 ($6.01).
BlackRock World Mining Trust Stock Down 3.6 %
The firm has a market cap of £777.51 million, a price-to-earnings ratio of -58.08 and a beta of 1.01. The business has a 50 day moving average of GBX 486.65 and a 200 day moving average of GBX 501.46.
BlackRock World Mining Trust (LON:BRWM - Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The investment trust reported GBX 23.09 ($0.29) earnings per share for the quarter. BlackRock World Mining Trust had a negative return on equity of 1.19% and a negative net margin of 153.65%.
BlackRock World Mining Trust Cuts Dividend
The company also recently announced a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Thursday, March 20th will be issued a dividend of GBX 6.50 ($0.08) per share. This represents a dividend yield of 1.29%. The ex-dividend date is Thursday, March 20th. BlackRock World Mining Trust's payout ratio is currently -486.41%.
Insiders Place Their Bets
In other BlackRock World Mining Trust news, insider Srinivasan Venkatakrishnan bought 2,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was bought at an average cost of GBX 476 ($6.06) per share, for a total transaction of £9,520 ($12,118.13). 2.68% of the stock is owned by insiders.
BlackRock World Mining Trust Company Profile
(
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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.
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