Altius Minerals (TSE:ALS) Stock Passes Below 200 Day Moving Average – Time to Sell?

Altius Minerals Co. (TSE:ALS) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$26.15 and traded as low as C$24.51. Altius Minerals shares last traded at C$24.67, with a volume of 344,887 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ALS. BMO Capital Markets raised their price objective on Altius Minerals from C$23.00 to C$24.00 in a report on Thursday, January 30th. Scotiabank raised Altius Minerals from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$27.00 to C$33.00 in a research report on Monday, December 23rd.

Altius Minerals Stock Performance

The firm has a market capitalization of C$1.14 billion, a P/E ratio of 83.50 and a beta of 0.94. The company has a current ratio of 8.36, a quick ratio of 6.49 and a debt-to-equity ratio of 19.48. The company has a 50-day moving average of C$27.16 and a 200-day moving average of C$26.17.

About Altius Minerals

Altius Minerals Corp is engaged in the business of obtaining diversified mining royalty. It holds interests in mining operations that produce metals and minerals such as copper, zinc, nickel, cobalt, gold, silver, and potash. The corporation also holds other pre-development stage royalty interests and various earlier stage royalties.