Altius Minerals (TSE:ALS) Share Price Passes Below Two Hundred Day Moving Average - Here's Why

Altius Minerals Co. (TSE:ALS - Get Free Report)'s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-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 Ratings Changes

A number of analysts have recently weighed in on the stock. BMO Capital Markets raised their price target on shares of Altius Minerals from C$23.00 to C$24.00 in a report on Thursday, January 30th. Scotiabank upgraded Altius Minerals from a "sector perform" rating to an "outperform" rating and increased their price objective for the company from C$27.00 to C$33.00 in a report on Monday, December 23rd.

Altius Minerals Stock Performance

The company has a quick ratio of 6.49, a current ratio of 8.36 and a debt-to-equity ratio of 19.48. The firm has a market cap of C$1.18 billion, a price-to-earnings ratio of 86.58 and a beta of 0.94. The business's 50-day simple moving average is C$27.06 and its two-hundred day simple moving average is C$26.18.

Altius Minerals Company Profile

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.