Altius Minerals (TSE:ALS) Stock Crosses Above 50-Day Moving Average on Insider Selling

Altius Minerals Co. (TSE:ALS)’s share price passed above its 50-day moving average during trading on Monday following insider buying activity. The stock has a 50-day moving average of C$27.50 and traded as high as C$29.46. Altius Minerals shares last traded at C$29.38, with a volume of 170,758 shares.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ALS shares. TD Securities upped their target price on Altius Minerals from C$32.00 to C$34.00 and gave the stock a “buy” rating in a research note on Monday, July 28th. Canaccord Genuity Group boosted their price target on Altius Minerals from C$33.00 to C$35.00 in a report on Monday, April 21st.

Altius Minerals Stock Performance

The firm has a fifty day moving average price of C$27.50 and a 200 day moving average price of C$26.54. The company has a current ratio of 8.36, a quick ratio of 6.49 and a debt-to-equity ratio of 19.48. The firm has a market cap of C$1.36 billion, a PE ratio of 99.44 and a beta of 0.94.

Altius Minerals Company Profile

Altius Minerals Corp is engaged in the business of obtaining diversified mining royalty. It holds interests in mining operations that produce metals and minerals such as copper, zinc, nickel, cobalt, gold, silver, and potash. The corporation also holds other pre-development stage royalty interests and various earlier stage royalties.