BlackRock World Mining Trust (LON:BRWM) Hits New 52-Week Low – Time to Sell?

BlackRock World Mining Trust plc (LON:BRWM) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 464.06 ($5.90) and last traded at GBX 464.17 ($5.90), with a volume of 1145572 shares. The stock had previously closed at GBX 483.50 ($6.14).

BlackRock World Mining Trust Trading Down 3.8 %

The business has a fifty day moving average of GBX 491.93 and a 200-day moving average of GBX 508.01. The company has a market cap of £890.50 million, a PE ratio of -66.52 and a beta of 1.01.

BlackRock World Mining Trust Increases Dividend

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

About BlackRock World Mining Trust

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.