BlackRock World Mining Trust plc (LON:BRWM) Insider Purchases £9,520 in Stock

BlackRock World Mining Trust plc (LON:BRWM) insider Srinivasan Venkatakrishnan purchased 2,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were purchased at an average cost of GBX 476 ($6.15) per share, with a total value of £9,520 ($12,304.51).

BlackRock World Mining Trust Stock Down 0.8 %

Shares of BRWM opened at GBX 484 ($6.26) on Friday. The stock has a market capitalization of £926.89 million, a P/E ratio of -69.24 and a beta of 1.01. The firm has a fifty day simple moving average of GBX 491.46 and a two-hundred day simple moving average of GBX 506.77. BlackRock World Mining Trust plc has a twelve month low of GBX 463.20 ($5.99) and a twelve month high of GBX 634 ($8.19).

BlackRock World Mining Trust (LON:BRWM) last announced its earnings results on Wednesday, March 5th. The investment trust reported GBX 23.09 ($0.30) EPS for the quarter. BlackRock World Mining Trust had a negative return on equity of 1.19% and a negative net margin of 153.65%.

BlackRock World Mining Trust Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 27th. Investors of record on Thursday, February 13th were issued a dividend of GBX 12 ($0.16) per share. This represents a dividend yield of 3.62%. The ex-dividend date of this dividend was Thursday, February 13th. This is an increase from BlackRock World Mining Trust’s previous dividend of $5.50. BlackRock World Mining Trust’s dividend 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.