CQS Natural Resources Growth and Income (LON:CYN) Stock Price Passes Below 50-Day Moving Average – Here’s Why

CQS Natural Resources Growth and Income plc (LON:CYN) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 190.66 ($2.38) and traded as low as GBX 183.50 ($2.29). CQS Natural Resources Growth and Income shares last traded at GBX 186.50 ($2.33), with a volume of 469,591 shares changing hands.

CQS Natural Resources Growth and Income Trading Down 0.1 %

The company has a market capitalization of £120.51 million, a PE ratio of -928.75 and a beta of 1.00. 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 stock has a fifty day moving average of GBX 190.66 and a two-hundred day moving average of GBX 185.74.

CQS Natural Resources Growth and Income Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, February 28th. Shareholders of record on Thursday, January 30th will be paid a GBX 1.26 ($0.02) dividend. The ex-dividend date is Thursday, January 30th. This represents a yield of 0.68%. CQS Natural Resources Growth and Income’s dividend payout ratio (DPR) is currently -3,000.00%.

Insiders Place Their Bets

In other CQS Natural Resources Growth and Income news, insider Christopher Casey bought 10,000 shares of CQS Natural Resources Growth and Income stock in a transaction dated Thursday, December 5th. The shares were purchased at an average cost of GBX 200 ($2.50) per share, with a total value of £20,000 ($24,962.56). Also, insider Seema Paterson bought 5,000 shares of CQS Natural Resources Growth and Income stock in a transaction dated Tuesday, December 10th. The shares were acquired at an average cost of GBX 199 ($2.48) per share, for a total transaction of £9,950 ($12,418.87). Insiders own 12.62% of the company’s stock.

About CQS Natural Resources Growth and Income

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.