CQS Natural Resources Growth and Income (LON:CYN) Sets New 1-Year High – Here’s What Happened

CQS Natural Resources Growth and Income plc (LON:CYN) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 207 ($2.62) and last traded at GBX 205 ($2.60), with a volume of 560143 shares. The stock had previously closed at GBX 199.74 ($2.53).

CQS Natural Resources Growth and Income Stock Performance

The stock has a market cap of £131.71 million, a P/E ratio of -1,005.16 and a beta of 1.00. The company has a debt-to-equity ratio of 10.24, a current ratio of 0.32 and a quick ratio of 11.93. The company has a fifty day moving average price of GBX 188.51 and a 200 day moving average price of GBX 186.16.

CQS Natural Resources Growth and Income Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, October 24th were given a GBX 1.26 ($0.02) dividend. The ex-dividend date was Thursday, October 24th. This represents a dividend yield of 0.68%. CQS Natural Resources Growth and Income’s payout ratio is currently -3,000.00%.

Insider Buying and Selling

In other news, insider Louise Hall purchased 2,500 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was acquired at an average price of GBX 196 ($2.48) per share, for a total transaction of £4,900 ($6,211.97). 12.62% of the stock is currently owned by insiders.

About CQS Natural Resources Growth and Income

City Natural Resources High Yield Trust plc is a close ended balanced mutual fund launched and managed by CQS Asset Management Ltd. The fund invests in the public equity and fixed income markets across the globe. It invests in stocks of companies operating in the mining and resources sectors. For its fixed income portion, it primarily invests in mining, resource and industrial fixed interest securities such as preference shares, loan stocks and corporate bonds.