Elemental Altus Royalties Corp. (OTCMKTS:ELEMF – Get Free Report)’s stock price rose 1.6% during trading on Wednesday . The company traded as high as $12.91 and last traded at $12.79. Approximately 302,816 shares traded hands during mid-day trading, an increase of 328% from the average daily volume of 70,705 shares. The stock had previously closed at $12.59.
Elemental Altus Royalties Stock Performance
The firm’s 50-day simple moving average is $12.97 and its 200-day simple moving average is $9.73.
Elemental Altus Royalties Company Profile
Elemental Altus Royalties Inc is a mineral royalties and streaming company that provides upfront financing to mining and exploration firms in exchange for a percentage of future production revenues or metal streams. Through this business model, the company aligns its interests with the successful development of precious and base-metal projects, offering investors exposure to commodity upside while mitigating the capital-intensive risks of mine development.
Formed in mid-2023 through the combination of Elemental Royalties and Altus Strategies, the company has built a diversified portfolio of royalty interests across West Africa and the Americas.
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