Altius Minerals Co. (ALS) Trading 3.6% Higher Following Insider Buying Activity
Altius Minerals Co. (TSE:ALS)’s share price traded up 3.6% on Tuesday following insider buying activity. The company traded as high as C$12.27 and last traded at C$12.25. 32,609 shares traded hands during trading, a decline of 31% from the average session volume of 47,584 shares. The stock had previously closed at C$11.82.
Specifically, Director Roger Lace purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The shares were bought at an average price of C$11.75 per share, for a total transaction of C$117,500.00. Also, insider Minerals Corporation Altius purchased 14,000 shares of the firm’s stock in a transaction dated Friday, July 7th. The stock was acquired at an average price of C$10.33 per share, for a total transaction of C$144,620.00. In the last 90 days, insiders have acquired 107,700 shares of company stock worth $1,184,082.
Several brokerages have recently issued reports on ALS. TD Securities reiterated a “buy” rating and issued a C$16.50 price target on shares of Altius Minerals in a research note on Wednesday, August 23rd. Scotiabank began coverage on Altius Minerals in a research note on Tuesday, June 27th. They issued a “sector perform” rating and a C$14.00 price target on the stock.
The firm’s market cap is $525.15 million. The stock’s 50-day moving average is $11.90 and its 200 day moving average is $11.35.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 6th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.12 annualized dividend and a dividend yield of 0.99%.
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Altius Minerals Company Profile
Altius Minerals Corporation is a mining royalty and mineral project generation company. The Company is engaged in the generation and acquisition of mineral resource projects, royalties and investments. The royalty interests cover mining operations producing copper, zinc, nickel, cobalt, precious metals, potash, and thermal (electrical) and metallurgical coal.
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