CQS Natural Resources Growth and Income (LON:CYN) Share Price Crosses Below 50 Day Moving Average of $181.86

Posted by Caroline Horne on Sep 6th, 2024

CQS Natural Resources Growth and Income plc (LON:CYN – Get Free Report)’s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 181.86 ($2.39) and traded as low as GBX 171.05 ($2.25). CQS Natural Resources Growth and Income shares last traded at GBX 172 ($2.26), with a volume of 125,807 shares.

CQS Natural Resources Growth and Income Stock Up 0.6 %

The company has a current ratio of 0.32, a quick ratio of 11.93 and a debt-to-equity ratio of 10.24. The stock has a market cap of £111.68 million, a PE ratio of -855.00 and a beta of 1.00. The business has a 50 day moving average of GBX 181.26 and a 200-day moving average of GBX 180.53.

CQS Natural Resources Growth and Income Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, September 2nd. Shareholders of record on Thursday, August 1st were paid a GBX 2.82 ($0.04) dividend. The ex-dividend date of this dividend was Thursday, August 1st. This is a positive change from CQS Natural Resources Growth and Income’s previous dividend of $1.26. This represents a yield of 1.47%. CQS Natural Resources Growth and Income’s payout ratio is currently -3,000.00%.

About CQS Natural Resources Growth and Income

(Get Free Report)

City Natural Resources High Yield Trust plc is a close ended balanced mutual fund launched and managed by CQS Asset Management Ltd. The fund invests in the public equity and fixed income markets across the globe. It invests in stocks of companies operating in the mining and resources sectors. For its fixed income portion, it primarily invests in mining, resource and industrial fixed interest securities such as preference shares, loan stocks and corporate bonds.