Elemental Altus Royalties (CVE:ELE) Trading 2.2% Higher – Here’s Why

Elemental Altus Royalties Corp. (CVE:ELEGet Free Report)’s stock price traded up 2.2% during trading on Friday . The company traded as high as C$1.41 and last traded at C$1.41. 22,260 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 70,847 shares. The stock had previously closed at C$1.38.

Wall Street Analyst Weigh In

Separately, Raymond James increased their target price on Elemental Altus Royalties from C$2.00 to C$2.25 in a research note on Friday, April 4th.

Check Out Our Latest Analysis on ELE

Elemental Altus Royalties Price Performance

The company has a 50-day moving average price of C$1.36 and a 200 day moving average price of C$1.24. The firm has a market capitalization of C$239.51 million and a PE ratio of 174.22.

Elemental Altus Royalties Company Profile

(Get Free Report)

Endesa, SA engages in the generation, distribution, and sale of electricity primarily in Spain and Portugal. The company generates electricity from various energy sources, such as hydroelectric, nuclear, thermal, wind, and solar. As of December 31, 2020, its distributed electricity to approximately 21 million populations covering a total area of approximately 195,488 square kilometers.

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