Shares of BlackRock Resources of Beneficial Interest (NYSE:BCX) traded today at $11.17, eclipsing its 52-week high. So far today approximately 173,000 shares have been exchanged, as compared to an average 30-day volume of 389,000 shares.
BlackRock Resources & Commodities Strategy Trust operates as an investment trust. Its primary investment objective is to seek high current income and current gains, with a secondary objective of capital appreciation. The company invests at least 80% of its total assets in equity securities issued by commodity or natural resources companies, derivatives with exposure to commodity or natural resources companies or investments in securities and derivatives linked to the underlying price movement of commodities or natural resources.
Over the past year, BlackRock Resources of Beneficial Interest has traded in a range of $8.24 to $11.17 and is now at $11.15, 35% above that low.
Based on a current price of $11.15, BlackRock Resources of Beneficial Interest is currently 3.6% above its average consensus analyst price target of $10.75.
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