BlackRock World Mining Trust (LON:BRWM) Shares Pass Above 50-Day Moving Average – Here’s What Happened

BlackRock World Mining Trust plc (LON:BRWM)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 906.54 and traded as high as GBX 977.63. BlackRock World Mining Trust shares last traded at GBX 973, with a volume of 257,051 shares changing hands.

BlackRock World Mining Trust Trading Up 0.5%

The firm has a 50 day moving average of GBX 906.54 and a 200-day moving average of GBX 733.40. The company has a market cap of £1.83 billion, a P/E ratio of -101.24 and a beta of 1.01.

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. Up to 10% of gross assets may be held in physical metals and up to 20% may be invested in unquoted investments.