CQS Natural Resources Growth and Income (LON:CYN) Hits New 12-Month High – Still a Buy?

CQS Natural Resources Growth and Income plc (LON:CYN)’s stock price hit a new 52-week high on Tuesday . The company traded as high as GBX 436.30 and last traded at GBX 426, with a volume of 344969 shares traded. The stock had previously closed at GBX 435.

CQS Natural Resources Growth and Income Trading Down 2.1%

The stock has a fifty day moving average of GBX 343.57 and a two-hundred day moving average of GBX 289.32. The company has a market capitalization of £151.34 million, a PE ratio of 47.97 and a beta of 1.00.

Insiders Place Their Bets

In related news, insider Louise Hall purchased 4,000 shares of CQS Natural Resources Growth and Income stock in a transaction that occurred on Thursday, October 30th. The shares were acquired at an average cost of GBX 284 per share, for a total transaction of £11,360. 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”).