Shares of Scully Royalty Ltd. (NYSE:SRL - Get Free Report) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $7.46 and traded as low as $6.12. Scully Royalty shares last traded at $6.53, with a volume of 10,331 shares.
Scully Royalty Stock Down 1.1%
The business has a 50 day moving average of $7.35 and a 200 day moving average of $7.59.
Hedge Funds Weigh In On Scully Royalty
An institutional investor recently raised its position in Scully Royalty stock. Nantahala Capital Management LLC boosted its position in Scully Royalty Ltd. (NYSE:SRL - Free Report) by 54.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 368,596 shares of the financial services provider's stock after purchasing an additional 129,399 shares during the quarter. Nantahala Capital Management LLC owned approximately 2.49% of Scully Royalty worth $3,410,000 at the end of the most recent quarter. 41.96% of the stock is owned by institutional investors and hedge funds.
Scully Royalty Company Profile
(
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Scully Royalty Ltd. operates as an iron ore mining company in the Americas, Africa, Canada, Asia, and Europe. It operates through three segments: Royalty, Industrial, and Merchant Banking. The company holds royalty interest in the Scully iron ore mine located in the Province of Newfoundland and Labrador, Canada.
Further Reading
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