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

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

Wall Street Analysts Forecast Growth

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

Elemental Altus Royalties Trading Up 3.6%

The stock has a 50 day simple moving average of C$1.38 and a 200-day simple moving average of C$1.24. The firm has a market capitalization of C$242.91 million and a P/E ratio of 176.70.

Elemental Altus Royalties Company Profile

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.