Elemental Altus Royalties (CVE:ELE) Stock Price Down 0.9% – Here’s Why

Elemental Altus Royalties Corp. (CVE:ELE) shares traded down 0.9% during mid-day trading on Tuesday . The stock traded as low as C$1.10 and last traded at C$1.15. 67,791 shares changed hands during mid-day trading, an increase of 34% from the average session volume of 50,403 shares. The stock had previously closed at C$1.16.

Analysts Set New Price Targets

Separately, National Bank Financial raised Elemental Altus Royalties to a “hold” rating in a research note on Monday, October 21st.

Elemental Altus Royalties Trading Up 1.7 %

The business has a fifty day moving average price of C$1.18.

Insider Transactions at Elemental Altus Royalties

In other news, Director John Edward Robins bought 25,000 shares of the stock in a transaction dated Thursday, October 17th. The stock was bought at an average cost of C$1.18 per share, with a total value of C$29,500.00.

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.