BlackRock World Mining Trust (LON:BRWM) Reaches New 1-Year High – Time to Buy?

BlackRock World Mining Trust plc (LON:BRWMGet Free Report)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 1,028 and last traded at GBX 1,022, with a volume of 1181715 shares changing hands. The stock had previously closed at GBX 979.

BlackRock World Mining Trust Stock Down 0.5%

The company has a 50 day simple moving average of GBX 816.79 and a two-hundred day simple moving average of GBX 686.14. The company has a market capitalization of £1.90 billion, a P/E ratio of -105.23 and a beta of 1.01.

About BlackRock World Mining Trust

(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. Up to 10% of gross assets may be held in physical metals and up to 20% may be invested in unquoted investments.

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