Altius Minerals (TSE:ALS) Stock Passes Above 50-Day Moving Average - Should You Sell?

Altius Minerals Co. (TSE:ALS - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$27.09 and traded as high as C$27.64. Altius Minerals shares last traded at C$27.37, with a volume of 54,167 shares.

Analysts Set New Price Targets

Several research firms have recently commented on ALS. Canaccord Genuity Group upped their price target on shares of Altius Minerals from C$33.00 to C$35.00 in a research report on Monday, April 21st. TD Securities increased their target price on shares of Altius Minerals from C$28.00 to C$31.00 in a research report on Wednesday, April 23rd.

Altius Minerals Stock Performance

The firm's 50 day moving average price is C$27.11 and its 200-day moving average price is C$26.44. The firm has a market cap of C$1.29 billion, a price-to-earnings ratio of 94.36 and a beta of 0.94. The company has a debt-to-equity ratio of 19.48, a current ratio of 8.36 and a quick ratio of 6.49.

About Altius Minerals

Altius Minerals Corp is engaged in the business of obtaining diversified mining royalty. It holds interests in mining operations that produce metals and minerals such as copper, zinc, nickel, cobalt, gold, silver, and potash. The corporation also holds other pre-development stage royalty interests and various earlier stage royalties.