Vox Royalty (NASDAQ:VOXR) Stock Price Down 0.9% - Time to Sell?

Vox Royalty Corp. (NASDAQ:VOXR - Get Free Report)'s share price dropped 0.9% during trading on Wednesday . The stock traded as low as $3.19 and last traded at $3.28. Approximately 543,496 shares traded hands during mid-day trading, an increase of 113% from the average daily volume of 255,747 shares. The stock had previously closed at $3.31.

Vox Royalty Price Performance

The firm has a 50-day moving average price of $3.38 and a 200 day moving average price of $2.96. The company has a market cap of $166.48 million, a price-to-earnings ratio of -82.00 and a beta of 0.32.

Vox Royalty (NASDAQ:VOXR - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). The company had revenue of $2.68 million during the quarter, compared to the consensus estimate of $3.50 million. Vox Royalty had a negative net margin of 16.30% and a negative return on equity of 4.05%. On average, equities analysts anticipate that Vox Royalty Corp. will post -0.01 EPS for the current fiscal year.

Vox Royalty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 14th. Investors of record on Monday, June 30th were paid a $0.0125 dividend. This represents a $0.05 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend was Monday, June 30th. Vox Royalty's dividend payout ratio (DPR) is currently -125.00%.

Institutional Investors Weigh In On Vox Royalty

Several institutional investors and hedge funds have recently added to or reduced their stakes in VOXR. Ridgewood Investments LLC bought a new stake in Vox Royalty during the second quarter worth $44,000. Caitlin John LLC bought a new stake in Vox Royalty during the second quarter worth $47,000. Wealth Enhancement Advisory Services LLC bought a new stake in Vox Royalty during the fourth quarter worth $47,000. Oppenheimer Asset Management Inc. bought a new stake in Vox Royalty during the first quarter worth $50,000. Finally, Total Wealth Planning & Management Inc. bought a new stake in Vox Royalty during the fourth quarter worth $223,000. 45.95% of the stock is currently owned by institutional investors.

Vox Royalty Company Profile

Vox Royalty Corp. operates as a mining royalty and streaming company. The company holds a portfolio of 60 royalties and streaming assets. It operates in Australia, Canada, Peru, Brazil, South Africa, Mexico, and the United States. Vox Royalty Corp. was founded in 2014 and is based in Toronto, Canada.