Keg Royalties Income Fund (TSE:KEG.UN) Stock Falls 0.1% – Here’s Why

Keg Royalties Income Fund (TSE:KEG.UN – Get Free Report) dropped 0.1% during mid-day trading on Tuesday. The stock traded as low as C$18.62 and last traded at C$18.65. Approximately 27,719 shares were traded during mid-day trading, a decline of 27% from the average daily volume of 37,952 shares. The stock had previously closed at C$18.66.

Keg Royalties Income Fund Stock Performance

The stock has a market capitalization of C$211.68 million, a PE ratio of 15.41 and a beta of 1.37. The company has a quick ratio of 2.11, a current ratio of 0.04 and a debt-to-equity ratio of 12.62. The stock has a fifty day moving average of C$18.65 and a 200-day moving average of C$18.65.

Keg Royalties Income Fund Company Profile

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The Keg Royalties Income Fund operates as an unincorporated open-ended limited purpose trust. The company invests in The Keg Rights Limited Partnership, which owns the trademarks, trade names, operating procedures and systems, and other intellectual property used for the operation of Keg steakhouse restaurants and bars. It operates 105 Keg restaurants in Canada and the United States. The Keg Royalties Income Fund was founded in 2002 and is headquartered in Richmond, Canada.

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