CQS Natural Resources Growth and Income (LON:CYN) Stock Price Crosses Below 50-Day Moving Average – Here’s Why

Posted by Lauren Steadman on Jan 22nd, 2025

CQS Natural Resources Growth and Income plc (LON:CYN – Get Free Report) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 193.13 ($2.38) and traded as low as GBX 183 ($2.26). CQS Natural Resources Growth and Income shares last traded at GBX 184 ($2.27), with a volume of 192,269 shares traded.

CQS Natural Resources Growth and Income Price Performance

The company has a debt-to-equity ratio of 10.24, a quick ratio of 11.93 and a current ratio of 0.32. The stock has a market capitalization of £120.03 million, a PE ratio of -925.00 and a beta of 1.00. The stock’s 50 day moving average is GBX 193.13 and its two-hundred day moving average is GBX 186.13.

CQS Natural Resources Growth and Income (LON:CYN – Get Free Report) last released its earnings results on Thursday, October 24th. The company reported GBX 6.39 ($0.08) earnings per share for the quarter.

Insiders Place Their Bets

In related news, insider Louise Hall purchased 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was purchased at an average price of GBX 196 ($2.42) per share, with a total value of £4,900 ($6,041.18). Also, insider Christopher Casey acquired 10,000 shares of CQS Natural Resources Growth and Income stock in a transaction that occurred on Thursday, December 5th. The shares were bought at an average price of GBX 200 ($2.47) per share, for a total transaction of £20,000 ($24,657.87). Insiders have acquired a total of 17,500 shares of company stock valued at $3,485,000 in the last 90 days. 12.62% of the stock is owned by insiders.

About CQS Natural Resources Growth and Income

(Get Free Report)

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.