Freehold Royalties (TSE:FRU) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of Freehold Royalties Ltd. (TSE:FRU) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$12.64 and traded as high as C$13.66. Freehold Royalties shares last traded at C$13.54, with a volume of 2,689,093 shares.

Freehold Royalties Trading Down 0.6%

The company has a quick ratio of 1.50, a current ratio of 1.65 and a debt-to-equity ratio of 22.91. The business’s fifty day simple moving average is C$13.30 and its two-hundred day simple moving average is C$12.64. The company has a market cap of C$2.22 billion, a price-to-earnings ratio of 17.82, a PEG ratio of -0.92 and a beta of 0.63.

Freehold Royalties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.7%. Freehold Royalties’s payout ratio is currently 142.11%.

Insiders Place Their Bets

In related news, Senior Officer Susan Nagy acquired 2,350 shares of the business’s stock in a transaction on Friday, June 27th. The shares were bought at an average price of C$12.84 per share, with a total value of C$30,174.00. Also, Senior Officer Colin Strem acquired 4,000 shares of the business’s stock in a transaction on Monday, June 23rd. The shares were bought at an average cost of C$12.84 per share, for a total transaction of C$51,354.80. Over the last quarter, insiders have purchased 12,350 shares of company stock valued at $159,349. 0.45% of the stock is owned by corporate insiders.

Freehold Royalties Company Profile

Freehold Royalties Ltd is in acquiring and managing Oil and Gas royalties. It operates in two segments: Canada, which includes exploration and evaluation assets and the petroleum and natural gas interests in Western Canada; and the United States, which includes petroleum and natural gas interests held in the Permian (Midland and Delaware), Eagle Ford, Haynesville and Bakken basins primarily located in the states of Texas, Louisiana, and North Dakota.