BlackRock World Mining Trust (LON:BRWM) Hits New 12-Month Low – Should You Sell?

BlackRock World Mining Trust plc (LON:BRWM) hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 464.06 ($5.90) and last traded at GBX 464.17 ($5.90), with a volume of 1145572 shares trading hands. The stock had previously closed at GBX 483.50 ($6.14).

BlackRock World Mining Trust Price Performance

The stock has a market capitalization of £890.50 million, a PE ratio of -66.52 and a beta of 1.01. The firm’s 50 day simple moving average is GBX 491.93 and its 200 day simple moving average is GBX 508.01.

BlackRock World Mining Trust Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th were issued a GBX 12 ($0.15) dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a dividend yield of 3.62%. This is an increase from BlackRock World Mining Trust’s previous dividend of $5.50. BlackRock World Mining Trust’s payout ratio is currently -486.41%.

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.