BlackRock World Mining Trust (LON:BRWM) Hits New 12-Month Low – Here’s What Happened

BlackRock World Mining Trust plc (LON:BRWM) hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 465 ($5.84) and last traded at GBX 470 ($5.91), with a volume of 443412 shares trading hands. The stock had previously closed at GBX 480.50 ($6.04).

BlackRock World Mining Trust Stock Performance

The stock has a market capitalization of £928.18 million, a P/E ratio of -6,935.71 and a beta of 1.01. The stock has a 50 day simple moving average of GBX 514.98 and a two-hundred day simple moving average of GBX 533.26. 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 business also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Thursday, November 28th were given a dividend of GBX 5.50 ($0.07) per share. This represents a yield of 1.1%. The ex-dividend date was Thursday, November 28th. BlackRock World Mining Trust’s dividend payout ratio is currently -48,571.43%.

Insider Activity

In other news, insider Elisabeth Scott acquired 2,200 shares of BlackRock World Mining Trust stock in a transaction dated Monday, October 7th. The shares were bought at an average cost of GBX 534 ($6.71) per share, with a total value of £11,748 ($14,764.36). Insiders own 2.68% of the company’s stock.

About BlackRock World Mining Trust

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.