BlackRock World Mining Trust (LON:BRWM) Shares Pass Above Fifty Day Moving Average – Should You Sell?

Posted by ABMN Staff on Mar 26th, 2025

BlackRock World Mining Trust plc (LON:BRWM – Get Free Report) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 492.81 ($6.38) and traded as high as GBX 495.50 ($6.42). BlackRock World Mining Trust shares last traded at GBX 492.50 ($6.38), with a volume of 4,249,356 shares trading hands.

BlackRock World Mining Trust Trading Down 0.2 %

The business has a 50 day simple moving average of GBX 492.81 and a two-hundred day simple moving average of GBX 502.90. The stock has a market cap of £943.17 million, a price-to-earnings ratio of -70.46 and a beta of 1.01.

BlackRock World Mining Trust (LON:BRWM – Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The investment trust reported GBX 23.09 ($0.30) earnings per share for the quarter. BlackRock World Mining Trust had a negative net margin of 153.65% and a negative return on equity of 1.19%.

BlackRock World Mining Trust Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Thursday, March 20th will be given a GBX 6.50 ($0.08) dividend. This represents a dividend yield of 1.29%. The ex-dividend date of this dividend is Thursday, March 20th. BlackRock World Mining Trust’s payout ratio is currently -486.41%.

Insider Activity

In other news, insider Srinivasan Venkatakrishnan bought 2,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was bought at an average price of GBX 476 ($6.16) per share, for a total transaction of £9,520 ($12,325.22). Company insiders own 2.68% of the company’s stock.

BlackRock World Mining Trust Company Profile

(Get Free Report)

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.