Elemental Altus Royalties (CVE:ELE) Trading 2.2% Higher – Should You Buy?

Elemental Altus Royalties Corp. (CVE:ELE) shares were up 2.2% on Friday . The company traded as high as C$1.41 and last traded at C$1.41. Approximately 22,260 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 70,847 shares. The stock had previously closed at C$1.38.

Wall Street Analysts Forecast Growth

Separately, Raymond James boosted their price objective on shares of Elemental Altus Royalties from C$2.00 to C$2.25 in a report on Friday, April 4th.

Elemental Altus Royalties Trading Up 2.2%

The stock’s fifty day moving average is C$1.36 and its 200 day moving average is C$1.24. The company has a market capitalization of C$239.51 million and a P/E ratio of 174.22.

About Elemental Altus Royalties

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.