CQS Natural Resources Growth and Income (LON:CYN) Share Price Passes Above 50-Day Moving Average – Here’s What Happened

CQS Natural Resources Growth and Income plc (LON:CYN) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 380.24 and traded as high as GBX 416. CQS Natural Resources Growth and Income shares last traded at GBX 416, with a volume of 110,069 shares.

CQS Natural Resources Growth and Income Price Performance

The firm has a market capitalization of £152.94 million, a P/E ratio of 47.07 and a beta of 1.00. The company has a fifty day moving average of GBX 380.24 and a 200 day moving average of GBX 312.02.

CQS Natural Resources Growth and Income Company Profile

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”).