BlackRock World Mining Trust (LON:BRWM) Shares Pass Above 50-Day Moving Average – Time to Sell?

Shares of BlackRock World Mining Trust plc (LON:BRWM) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 906.54 and traded as high as GBX 977.63. BlackRock World Mining Trust shares last traded at GBX 973, with a volume of 257,051 shares.

BlackRock World Mining Trust Stock Up 0.7%

The company has a market cap of £1.83 billion, a price-to-earnings ratio of -101.45 and a beta of 1.01. The business has a fifty day simple moving average of GBX 910.28 and a 200 day simple moving average of GBX 736.35.

BlackRock World Mining Trust Company Profile

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.