BlackRock World Mining Trust (LON:BRWM) Share Price Passes Below 50-Day Moving Average – Time to Sell?

Shares of BlackRock World Mining Trust plc (LON:BRWM) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 491.81 ($6.24) and traded as low as GBX 482 ($6.11). BlackRock World Mining Trust shares last traded at GBX 484 ($6.14), with a volume of 495,579 shares.

BlackRock World Mining Trust Price Performance

The business’s 50 day moving average price is GBX 491.81 and its 200 day moving average price is GBX 508.99. The stock has a market capitalization of £934.52 million, a P/E ratio of -69.81 and a beta of 1.01.

BlackRock World Mining Trust Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th will be paid a GBX 12 ($0.15) dividend. The ex-dividend date is Thursday, February 13th. This is a positive change from BlackRock World Mining Trust’s previous dividend of $5.50. This represents a dividend yield of 3.62%. BlackRock World Mining Trust’s payout ratio is currently -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.