CQS Natural Resources Growth and Income (LON:CYN) Shares Break Below 50 Day Moving Average – Here’s Why

Shares of CQS Natural Resources Growth and Income plc (LON:CYN – Get Free Report) crossed below its fifty day moving average during trading on Monday. The stock has a fifty day moving average of GBX 412.98 and traded as low as GBX 404. CQS Natural Resources Growth and Income shares last traded at GBX 410, with a volume of 189,793 shares.

CQS Natural Resources Growth and Income Price Performance

The company has a current ratio of 0.40, a quick ratio of 11.93 and a debt-to-equity ratio of 9.26. The company has a market cap of £159.71 million, a P/E ratio of 3.14 and a beta of 1.19. The business’s fifty day moving average is GBX 414.54 and its 200 day moving average is GBX 388.20.

About CQS Natural Resources Growth and Income

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City 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 focus on global mining, energy and resource opportunities, and is designed to deliver long-term growth and dependable income through active management and a flexible investment approach.

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”).

Further Reading

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