CQS Natural Resources Growth and Income (LON:CYN) Reaches New 12-Month High – Still a Buy?

CQS Natural Resources Growth and Income plc (LON:CYN) shares hit a new 52-week high on Thursday . The company traded as high as GBX 443 and last traded at GBX 439, with a volume of 100693 shares. The stock had previously closed at GBX 436.

CQS Natural Resources Growth and Income Price Performance

The stock’s 50 day simple moving average is GBX 388.30 and its two-hundred day simple moving average is GBX 318.77. The firm has a market cap of £160.63 million, a P/E ratio of 49.44 and a beta of 1.00.

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.

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”).