Altius Minerals (TSE:ALS) Stock Passes Below 50 Day Moving Average of $12.35

Altius Minerals Co. (TSE:ALS)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $12.35 and traded as low as $12.66. Altius Minerals shares last traded at $12.80, with a volume of 12,351 shares changing hands.

ALS has been the subject of several research analyst reports. Canaccord Genuity upped their price target on shares of Altius Minerals from C$18.00 to C$18.50 in a report on Tuesday, April 9th. Laurentian restated a “buy” rating and set a C$17.50 target price on shares of Altius Minerals in a report on Wednesday, June 19th. Finally, Raymond James increased their target price on shares of Altius Minerals from C$16.50 to C$17.00 and gave the stock an “outperform” rating in a report on Thursday, March 14th.

The business has a fifty day simple moving average of C$12.36. The firm has a market cap of $546.49 million and a price-to-earnings ratio of 109.66. The company has a debt-to-equity ratio of 32.42, a quick ratio of 1.28 and a current ratio of 1.37.

In other Altius Minerals news, Director James Digby Ronald Strauss bought 2,400 shares of Altius Minerals stock in a transaction that occurred on Thursday, May 16th. The stock was acquired at an average price of C$12.59 per share, for a total transaction of C$30,216.00. Following the completion of the acquisition, the director now owns 28,890 shares of the company’s stock, valued at approximately C$363,725.10. Insiders have purchased 4,020 shares of company stock valued at $50,762 in the last 90 days.

About Altius Minerals (TSE:ALS)

Altius Minerals Corporation operates as a diversified mining royalty, streaming, and mineral project generation company in Canada and Brazil. The company owns royalty and streaming interests in 15 operating mines covering copper, zinc, nickel, cobalt, iron ore, precious metals, potash, and thermal and metallurgical coal; and various pre-development stage royalty interests in mineral commodities.

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