Elemental Altus Royalties (CVE:ELE) Trading Down 0.9% – What’s Next?

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

Analyst Upgrades and Downgrades

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

Elemental Altus Royalties Stock Down 0.9 %

Insider Transactions at Elemental Altus Royalties

In related news, Director John Edward Robins purchased 25,000 shares of the business’s stock in a transaction dated Thursday, October 17th. The shares were acquired at an average cost of C$1.18 per share, for a total transaction 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.