CQS Natural Resources Growth and Income (LON:CYN) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

Shares of CQS Natural Resources Growth and Income plc (LON:CYN) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 383.67 and traded as high as GBX 435. CQS Natural Resources Growth and Income shares last traded at GBX 431, with a volume of 86,632 shares changing hands.

CQS Natural Resources Growth and Income Stock 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 50-day simple moving average of GBX 385.43 and a 200 day simple moving average of GBX 383.49. The firm has a market cap of £167.91 million, a PE ratio of 3.37 and a beta of 1.19.

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”).