Elemental Altus Royalties (CVE:ELE) Shares Up 2% – What’s Next?

Elemental Altus Royalties Corp. (CVE:ELEGet Free Report) shot up 2% during mid-day trading on Tuesday . The stock traded as high as C$2.05 and last traded at C$2.04. 140,956 shares changed hands during trading, an increase of 34% from the average session volume of 104,863 shares. The stock had previously closed at C$2.00.

Analyst Upgrades and Downgrades

Separately, National Bank Financial upgraded Elemental Altus Royalties from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 11th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company presently has an average rating of “Strong Buy” and an average price target of C$2.25.

Check Out Our Latest Analysis on ELE

Elemental Altus Royalties Trading Up 2.0%

The company has a market cap of C$346.52 million and a price-to-earnings ratio of 252.07. The business has a fifty day moving average price of C$1.96 and a two-hundred day moving average price of C$1.55.

About Elemental Altus Royalties

(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.

Further Reading

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