Keg Royalties Income Fund (TSE:KEG.UN) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

Keg Royalties Income Fund (TSE:KEG.UN)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$14.94 and traded as low as C$14.50. Keg Royalties Income Fund shares last traded at C$14.64, with a volume of 12,220 shares trading hands.

Keg Royalties Income Fund Price Performance

The firm has a market cap of C$166.16 million, a price-to-earnings ratio of 12.10 and a beta of 1.37. The stock’s 50 day simple moving average is C$15.00 and its 200-day simple moving average is C$14.94. The company has a debt-to-equity ratio of 12.62, a quick ratio of 2.11 and a current ratio of 0.04.

Keg Royalties Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a $0.0946 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 7.75%. Keg Royalties Income Fund’s payout ratio is currently 94.21%.

Insider Buying and Selling

In other news, Senior Officer Kenneth Joseph Grondin purchased 13,300 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were purchased at an average cost of C$15.20 per share, with a total value of C$202,222.51. 50.30% of the stock is currently owned by insiders.

Keg Royalties Income Fund Company Profile

The Keg Royalties Income Fund operates as an unincorporated open-ended limited purpose trust. The company invests in The Keg Rights Limited Partnership, which owns the trademarks, trade names, operating procedures and systems, and other intellectual property used for the operation of Keg steakhouse restaurants and bars.