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Elemental Altus Royalties (CVE:ELE) Stock Price Up 2.2% - Still a Buy?

Elemental Altus Royalties logo with Transportation background

Elemental Altus Royalties Corp. (CVE:ELE - Get Free Report) shot up 2.2% during mid-day trading on Friday . The stock traded as high as C$1.41 and last traded at C$1.41. 22,260 shares were traded during trading, a decline of 69% from the average session volume of 70,847 shares. The stock had previously closed at C$1.38.

Analyst Upgrades and Downgrades

Separately, Raymond James lifted their target price on Elemental Altus Royalties from C$2.00 to C$2.25 in a research note on Friday, April 4th.

View Our Latest Research Report on ELE

Elemental Altus Royalties Price Performance

The firm has a market capitalization of C$239.51 million and a P/E ratio of 174.22. The business's 50 day moving average is C$1.37 and its two-hundred day moving average is C$1.24.

Elemental Altus Royalties Company Profile

(Get Free Report)

Endesa, SA engages in the generation, distribution, and sale of electricity primarily in Spain and Portugal. The company generates electricity from various energy sources, such as hydroelectric, nuclear, thermal, wind, and solar. As of December 31, 2020, its distributed electricity to approximately 21 million populations covering a total area of approximately 195,488 square kilometers.

Further Reading

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