Elemental Altus Royalties Corp. (CVE:ELE) Director Martin Emery Joseph Turenne Purchases 7,800 Shares

Elemental Altus Royalties Corp. (CVE:ELE) Director Martin Emery Joseph Turenne bought 7,800 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were purchased at an average cost of C$1.48 per share, for a total transaction of C$11,544.00.

Elemental Altus Royalties Stock Down 1.3%

Shares of ELE stock traded down C$0.02 during mid-day trading on Tuesday, reaching C$1.48. The stock had a trading volume of 199,019 shares, compared to its average volume of 73,127. The firm has a market cap of C$251.40 million and a PE ratio of 182.87. Elemental Altus Royalties Corp. has a one year low of C$0.97 and a one year high of C$1.52. The firm’s 50 day simple moving average is C$1.38 and its 200 day simple moving average is C$1.24.

Wall Street Analysts Forecast Growth

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

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.