CQS Natural Resources Growth and Income (LON:CYN) Share Price Passes Below 200-Day Moving Average – Here’s Why

CQS Natural Resources Growth and Income plc (LON:CYN)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 380.07 and traded as low as GBX 350. CQS Natural Resources Growth and Income shares last traded at GBX 358, with a volume of 280,790 shares.

CQS Natural Resources Growth and Income Stock Performance

The firm has a market cap of £130.00 million, a PE ratio of 2.80 and a beta of 1.22. The company has a debt-to-equity ratio of 9.26, a current ratio of 0.40 and a quick ratio of 11.93. The stock has a 50-day moving average price of GBX 387.27 and a 200 day moving average price of GBX 380.07.

CQS Natural Resources Growth and Income (LON:CYN) last released its earnings results on Wednesday, March 25th. The company reported GBX 0.17 EPS for the quarter. CQS Natural Resources Growth and Income had a positive return on equity of 51.26% and a negative net margin of 974.80%.

Insider Buying and Selling

In other CQS Natural Resources Growth and Income news, insider Seema Paterson purchased 2,650 shares of the stock in a transaction on Wednesday, May 27th. The stock was bought at an average price of GBX 378 per share, for a total transaction of £10,017. 1.63% of the stock is owned by company insiders.

CQS Natural Resources Growth and Income Company Profile

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”).