BlackRock World Mining Trust (LON:BRWM) Issues Earnings Results

BlackRock World Mining Trust (LON:BRWM) posted its quarterly earnings results on Wednesday. The investment trust reported GBX 24.37 earnings per share for the quarter, Digital Look Earnings reports. The business had revenue of GBX 5,737 million for the quarter. BlackRock World Mining Trust had a return on equity of 52.74% and a net margin of 98.77%.

BlackRock World Mining Trust Stock Up 0.7%

BRWM stock opened at GBX 916.61 on Thursday. The company has a debt-to-equity ratio of 6.05, a current ratio of 0.22 and a quick ratio of 0.30. The stock has a market capitalization of £1.71 billion, a price-to-earnings ratio of 2.51 and a beta of 1.73. The business’s fifty day moving average price is GBX 969.18 and its two-hundred day moving average price is GBX 912.06. BlackRock World Mining Trust has a fifty-two week low of GBX 515 and a fifty-two week high of GBX 1,060.

Insiders Place Their Bets

In other news, insider Marion Sears acquired 2,900 shares of the stock in a transaction on Thursday, April 9th. The shares were purchased at an average price of GBX 971 per share, for a total transaction of £28,159. 0.16% of the stock is owned by insiders.

About BlackRock World Mining Trust

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.