CQS Natural Resources Growth and Income (LON:CYN) Stock Passes Above Fifty Day Moving Average – Here’s Why

Shares of CQS Natural Resources Growth and Income plc (LON:CYN) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 358.64 and traded as high as GBX 389.99. CQS Natural Resources Growth and Income shares last traded at GBX 389, with a volume of 251,744 shares changing hands.

CQS Natural Resources Growth and Income Stock Performance

The firm has a market capitalization of £140.30 million, a price-to-earnings ratio of 44.47 and a beta of 1.00. The firm’s 50-day moving average price is GBX 358.64 and its two-hundred day moving average price is GBX 297.78.

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”).