CQS Natural Resources Growth and Income (LON:CYN) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Shares of CQS Natural Resources Growth and Income plc (LON:CYN) crossed 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 traded.

CQS Natural Resources Growth and Income Trading Up 0.5 %

The stock has a 50-day simple moving average of GBX 194.13 and a 200 day simple moving average of GBX 185.82. The company has a current ratio of 0.32, a quick ratio of 11.93 and a debt-to-equity ratio of 10.24. The company has a market cap 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 declared a dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, October 24th were given 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 dividend payout ratio is presently -3,000.00%.

Insider Activity

In related news, insider Christopher Casey purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was bought at an average price of GBX 200 ($2.48) per share, with a total value of £20,000 ($24,844.72). Also, insider Louise Hall purchased 2,500 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were purchased at an average price of GBX 196 ($2.43) per share, with a total value of £4,900 ($6,086.96). Insiders have acquired 17,500 shares of company stock valued at $3,485,000 in the last ninety days. Insiders own 12.62% of the company’s stock.

CQS Natural Resources Growth and Income Company Profile

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.