CQS Natural Resources Growth and Income (LON:CYN) Stock Passes Below Fifty Day Moving Average – Should You Sell?

CQS Natural Resources Growth and Income plc (LON:CYN) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 194.13 ($2.41) and traded as low as GBX 187 ($2.32). CQS Natural Resources Growth and Income shares last traded at GBX 192.50 ($2.39), with a volume of 257,101 shares traded.

CQS Natural Resources Growth and Income Price Performance

The business’s 50 day moving average is GBX 194.13 and its 200-day moving average is GBX 185.82. The company has a quick ratio of 11.93, a current ratio of 0.32 and a debt-to-equity ratio of 10.24. The firm has a market capitalization of £124.89 million, a P/E ratio of -962.50 and a beta of 1.00.

CQS Natural Resources Growth and Income Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, October 24th were given a dividend of GBX 1.26 ($0.02) per share. The ex-dividend date was Thursday, October 24th. This represents a dividend yield of 0.68%. CQS Natural Resources Growth and Income’s dividend payout ratio is currently -3,000.00%.

Insider Buying and Selling at CQS Natural Resources Growth and Income

In other news, insider Louise Hall bought 2,500 shares of CQS Natural Resources Growth and Income stock in a transaction dated Monday, November 4th. The stock was bought at an average cost of GBX 196 ($2.43) per share, for a total transaction of £4,900 ($6,086.96). Also, insider Seema Paterson bought 5,000 shares of CQS Natural Resources Growth and Income stock in a transaction dated Tuesday, December 10th. The stock was purchased at an average price of GBX 199 ($2.47) per share, with a total value of £9,950 ($12,360.25). Insiders have purchased 17,500 shares of company stock worth $3,485,000 over the last quarter. Corporate insiders own 12.62% of the company’s stock.

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.