CQS Natural Resources Growth and Income (LON:CYN) Hits New 12-Month High – Still a Buy?

CQS Natural Resources Growth and Income plc (LON:CYN)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 436.30 and last traded at GBX 426, with a volume of 344969 shares. The stock had previously closed at GBX 435.

CQS Natural Resources Growth and Income Price Performance

The company has a fifty day moving average price of GBX 343.57 and a 200 day moving average price of GBX 289.32. The stock has a market cap of £151.34 million, a P/E ratio of 47.97 and a beta of 1.00.

Insider Buying and Selling at CQS Natural Resources Growth and Income

In other CQS Natural Resources Growth and Income news, insider Louise Hall bought 4,000 shares of the stock in a transaction that occurred on Thursday, October 30th. The shares were bought at an average price of GBX 284 per share, for a total transaction of £11,360. 1.67% of the stock is owned by corporate insiders.

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.

The closed end structure is well suited to allowing the investment management team to focus on the best returns profile, rather than liquidity as is the case with Exchange Traded Funds (“ETFs”).