CQS Natural Resources Growth and Income (LON:CYN) Share Price Crosses Below Fifty Day Moving Average – What’s Next?

CQS Natural Resources Growth and Income plc (LON:CYN) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty 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 changing hands.

CQS Natural Resources Growth and Income Trading Up 0.5 %

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 company has a market cap of £120.03 million, a price-to-earnings ratio of -925.00 and a beta of 1.00. The company’s fifty 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) last released its quarterly earnings data on Thursday, October 24th. The company reported GBX 6.39 ($0.08) earnings per share for the quarter.

Insider Activity

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

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.