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Scully Royalty (NYSE:SRL) Stock Price Crosses Below Fifty Day Moving Average - Should You Sell?

Scully Royalty logo with Multi-Sector Conglomerates background

Key Points

  • Scully Royalty Ltd. shares have fallen below their 50-day moving average of $5.74, trading as low as $5.20 before closing at $5.51.
  • The company operates in the iron ore mining sector, holding a royalty interest in the Scully iron ore mine located in Newfoundland and Labrador, Canada.
  • Scully Royalty maintains strong liquidity with a current ratio of 4.56 and a low debt-to-equity ratio of 0.12.
  • MarketBeat previews top five stocks to own in October.

Shares of Scully Royalty Ltd. (NYSE:SRL - Get Free Report) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $5.74 and traded as low as $5.20. Scully Royalty shares last traded at $5.51, with a volume of 327 shares.

Scully Royalty Price Performance

The company has a quick ratio of 4.56, a current ratio of 4.56 and a debt-to-equity ratio of 0.12. The business's fifty day moving average price is $5.71 and its 200 day moving average price is $6.77.

Scully Royalty Company Profile

(Get Free Report)

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.

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