CQS Natural Resources Growth and Income (LON:CYN) Reaches New 12-Month High – Should You Buy?

CQS Natural Resources Growth and Income plc (LON:CYN) hit a new 52-week high during trading on Monday . The company traded as high as GBX 384 and last traded at GBX 384, with a volume of 202728 shares trading hands. The stock had previously closed at GBX 372.

CQS Natural Resources Growth and Income Stock Performance

The stock has a market cap of £136.42 million, a P/E ratio of 43.24 and a beta of 1.00. The company has a 50-day simple moving average of GBX 319.12 and a 200-day simple moving average of GBX 274.10.

Insider Activity at CQS Natural Resources Growth and Income

In other news, insider Louise Hall bought 4,000 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The shares were acquired at an average price of GBX 284 per share, with a total value of £11,360. Also, insider Seema Paterson bought 732 shares of the stock in a transaction that occurred on Tuesday, October 28th. The shares were purchased at an average price of GBX 266 per share, for a total transaction of £1,947.12. 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”).