Keg Royalties Income Fund (TSE:KEG.UN) Stock Price Up 27.1% - Time to Buy?

Keg Royalties Income Fund (TSE:KEG.UN - Get Free Report) shot up 27.1% on Tuesday . The stock traded as high as C$18.24 and last traded at C$18.08. 632,622 shares changed hands during trading, an increase of 3,476% from the average session volume of 17,691 shares. The stock had previously closed at C$14.22.

Keg Royalties Income Fund Stock Up 0.2 %

The company has a market cap of C$205.44 million, a P/E ratio of 14.96 and a beta of 1.37. The stock's 50-day moving average price is C$14.31 and its 200-day moving average price is C$14.64. The company has a current ratio of 0.04, a quick ratio of 2.11 and a debt-to-equity ratio of 12.62.

Keg Royalties Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 30th were issued a dividend of $0.0946 per share. The ex-dividend date of this dividend was Monday, April 21st. This represents a $1.14 annualized dividend and a dividend yield of 6.27%. Keg Royalties Income Fund's dividend payout ratio is 94.21%.

Keg Royalties Income Fund Company Profile

The Keg Royalties Income Fund operates as an unincorporated open-ended limited purpose trust. The company invests in The Keg Rights Limited Partnership, which owns the trademarks, trade names, operating procedures and systems, and other intellectual property used for the operation of Keg steakhouse restaurants and bars.