Scully Royalty (NYSE:SRL) Shares Cross Below Fifty Day Moving Average - What's Next?
Scully Royalty Ltd. (NYSE:SRL) shares have crossed below their 50-day moving average of $5.74, trading as low as $5.20 before closing at $5.51. The stock has seen a volume of 327 shares traded and is currently rated as a Hold by analysts. The company operates in iron ore mining across various regions and holds interests in the Scully iron ore mine in Canada. Despite a recent 5.6% increase, analysts suggest there are better investment options available.
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Scully Royalty Stock Up 5.6%
The company has a current ratio of 4.56, a quick ratio of 4.56 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average of $5.74 and a two-hundred day moving average of $6.82.
About Scully Royalty
(Get Free Report)Scully Royalty Ltd. operates as an iron ore mining company in the Americas, Africa, Canada, Asia, and Europe. It operates through three segments: Royalty, Industrial, and Merchant Banking. The company holds royalty interest in the Scully iron ore mine located in the Province of Newfoundland and Labrador, Canada.
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