Insider Buying: BlackRock World Mining Trust plc (LON:BRWM) Insider Purchases 2,000 Shares of Stock

BlackRock World Mining Trust plc (LON:BRWM) insider Srinivasan Venkatakrishnan purchased 2,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average cost of GBX 476 ($6.09) per share, for a total transaction of £9,520 ($12,178.59).

BlackRock World Mining Trust Stock Up 2.9 %

BRWM traded up GBX 13.50 ($0.17) during trading on Wednesday, reaching GBX 478.50 ($6.12). 380,919 shares of the company were exchanged, compared to its average volume of 642,180. The company has a market cap of £916.36 million, a price-to-earnings ratio of -68.45 and a beta of 1.01. BlackRock World Mining Trust plc has a 12-month low of GBX 463.20 ($5.93) and a 12-month high of GBX 634 ($8.11). The company’s 50-day moving average is GBX 491.53 and its two-hundred day moving average is GBX 507.71.

BlackRock World Mining Trust (LON:BRWM) last released its quarterly earnings data on Wednesday, March 5th. The investment trust reported GBX 23.09 ($0.30) EPS for the quarter. BlackRock World Mining Trust had a negative net margin of 153.65% and a negative return on equity of 1.19%.

BlackRock World Mining Trust Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th were given a dividend of GBX 12 ($0.15) per share. This is a positive change from BlackRock World Mining Trust’s previous dividend of $5.50. This represents a dividend yield of 3.62%. The ex-dividend date was Thursday, February 13th. BlackRock World Mining Trust’s payout ratio is -486.41%.

BlackRock World Mining Trust Company Profile

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.