Altius Renewable Royalties (TSE:ARR) Stock Price Down 0.2% – Here’s Why

Altius Renewable Royalties Corp. (TSE:ARR) traded down 0.2% during mid-day trading on Friday . The company traded as low as C$11.88 and last traded at C$11.88. 16,614 shares were traded during mid-day trading, an increase of 15% from the average session volume of 14,506 shares. The stock had previously closed at C$11.90.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Raymond James upped their target price on Altius Renewable Royalties from C$25.00 to C$26.50 and gave the company an “outperform” rating in a report on Friday, September 13th. TD Securities downgraded Altius Renewable Royalties from a “buy” rating to a “sell” rating and cut their price objective for the stock from C$13.00 to C$12.00 in a report on Friday, September 13th.

Altius Renewable Royalties Price Performance

The company has a market cap of C$365.79 million, a PE ratio of -148.50 and a beta of 0.97. The stock has a fifty day moving average price of C$11.63 and a 200-day moving average price of C$9.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 250.01 and a quick ratio of 102.67.

Altius Renewable Royalties Company Profile

Altius Renewable Royalties Corp., a renewable energy royalty company, engages in the acquisition and management of renewable energy investments and royalties in North America. The company holds interests in a portfolio of 2,068 MW of operational wind, solar, and hydroelectric projects located in Texas, Kansas, California, and Vermont.