CQS Natural Resources Growth and Income (LON:CYN) Sets New 12-Month High – Time to Buy?

CQS Natural Resources Growth and Income plc (LON:CYN) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 362.90 and last traded at GBX 357, with a volume of 192448 shares traded. The stock had previously closed at GBX 359.

CQS Natural Resources Growth and Income Stock Down 0.6%

The stock has a market capitalization of £125.23 million, a PE ratio of 40.20 and a beta of 1.00. The firm has a 50 day moving average price of GBX 302.52 and a 200 day moving average price of GBX 263.35.

Insiders Place Their Bets

In other CQS Natural Resources Growth and Income news, insider Seema Paterson bought 732 shares of the firm’s stock in a transaction dated Tuesday, October 28th. The stock was purchased at an average cost of GBX 266 per share, with a total value of £1,947.12. Also, insider Louise Hall bought 4,000 shares of the company’s stock in a transaction on Thursday, October 30th. The stock was 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”).