CQS Natural Resources Growth and Income (LON:CYN) Stock Passes Below 50 Day Moving Average - Here's What Happened

Shares of CQS Natural Resources Growth and Income plc (LON:CYN - Get Free Report) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 194.13 ($2.41) and traded as low as GBX 187 ($2.32). CQS Natural Resources Growth and Income shares last traded at GBX 192.50 ($2.39), with a volume of 257,101 shares trading hands.

CQS Natural Resources Growth and Income Stock Up 0.5 %

The stock has a 50 day moving average price of GBX 194.13 and a 200 day moving average price of GBX 185.82. The company has a quick ratio of 11.93, a current ratio of 0.32 and a debt-to-equity ratio of 10.24. The stock has a market capitalization of £124.89 million, a price-to-earnings ratio of -962.50 and a beta of 1.00.

CQS Natural Resources Growth and Income Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, October 24th were issued a dividend of GBX 1.26 ($0.02) per share. 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 payout ratio is -3,000.00%.

Insider Buying and Selling at CQS Natural Resources Growth and Income

In related news, insider Louise Hall bought 2,500 shares of CQS Natural Resources Growth and Income stock in a transaction that occurred on Monday, November 4th. The shares were acquired at an average cost of GBX 196 ($2.43) per share, for a total transaction of £4,900 ($6,086.96). Also, insider Christopher Casey bought 10,000 shares of the firm's stock in a transaction on Thursday, December 5th. The shares were purchased at an average cost of GBX 200 ($2.48) per share, with a total value of £20,000 ($24,844.72). In the last ninety days, insiders acquired 17,500 shares of company stock worth $3,485,000. 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.