BlackRock World Mining Trust (LON:BRWM) Trading Down 1.2% - Should You Sell?

BlackRock World Mining Trust plc (LON:BRWM - Get Free Report)'s stock price was down 1.2% during trading on Thursday . The company traded as low as GBX 498.86 ($6.36) and last traded at GBX 501.04 ($6.39). Approximately 466,262 shares changed hands during trading, a decline of 6% from the average daily volume of 497,826 shares. The stock had previously closed at GBX 507 ($6.46).

BlackRock World Mining Trust Trading Up 0.2 %

The firm has a market capitalization of £959.72 million, a P/E ratio of -7,171.43 and a beta of 1.01. The stock has a fifty day simple moving average of GBX 523.50 and a 200 day simple moving average of GBX 541.27. The company has a quick ratio of 0.30, a current ratio of 0.23 and a debt-to-equity ratio of 12.29.

BlackRock World Mining Trust Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, December 20th. Stockholders of record on Thursday, November 28th will be given a dividend of GBX 5.50 ($0.07) per share. The ex-dividend date of this dividend is Thursday, November 28th. This represents a dividend yield of 1.1%. BlackRock World Mining Trust's payout ratio is -48,571.43%.

Insider Activity

In related news, insider Elisabeth Scott purchased 2,200 shares of the company's stock in a transaction that occurred on Monday, October 7th. The stock was bought at an average price of GBX 534 ($6.81) per share, for a total transaction of £11,748 ($14,977.05). Company insiders own 2.68% of the company's stock.

BlackRock World Mining Trust Company Profile

BlackRock World Mining Trust plc is a closed-ended equity mutual fund launched by BlackRock Fund Managers Limited. It is managed by BlackRock Investment Management (UK) Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the mining and metal sectors.