Free Trial

Scully Royalty (NYSE:SRL) Trading Down 5.4% - What's Next?

Scully Royalty logo with Multi-Sector Conglomerates background

Key Points

  • Scully Royalty Ltd. shares experienced a decline of 5.4%, closing at $5.72 compared to a previous close of $6.05.
  • An institutional investor, Nantahala Capital Management LLC, increased its stake in Scully Royalty by 54.1%, owning approximately 2.49% of the company's shares as of the most recent SEC filing.
  • The company operates in multiple regions as an iron ore mining firm and has royalty interests in the Scully iron ore mine in Newfoundland and Labrador, Canada.
  • Want stock alerts on Scully Royalty? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Shares of Scully Royalty Ltd. (NYSE:SRL - Get Free Report) fell 5.4% during mid-day trading on Friday . The stock traded as low as $5.51 and last traded at $5.72. 4,151 shares were traded during trading, an increase of 0% from the average session volume of 4,142 shares. The stock had previously closed at $6.05.

Scully Royalty Stock Up 1.0%

The firm has a fifty day moving average of $6.14 and a 200-day moving average of $7.18. The company has a current ratio of 4.56, a quick ratio of 4.56 and a debt-to-equity ratio of 0.12.

Institutional Investors Weigh In On Scully Royalty

An institutional investor recently raised its position in Scully Royalty stock. Nantahala Capital Management LLC lifted its stake in shares of Scully Royalty Ltd. (NYSE:SRL - Free Report) by 54.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 about 2.49% of Scully Royalty worth $3,410,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 41.96% of the company's stock.

About Scully Royalty

(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.

Recommended Stories

Should You Invest $1,000 in Scully Royalty Right Now?

Before you consider Scully Royalty, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Scully Royalty wasn't on the list.

While Scully Royalty currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Ride The A.I. Megaboom Cover


We are about to experience the greatest A.I. boom in stock market history...

Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.

That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.

  1. The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
  2. The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
  3. Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.

Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.

And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...

Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Next Tech Boom: AI Robots Are Coming Sooner Than You Think!
Tech Stocks Stumble: Will Nvidia’s Report Spark a Rebound?
Follow the Money: 5 Stocks Institutions Are Buying NOW

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines