Freehold Royalties (OTCMKTS:FRHLF) Stock Crosses Below 50-Day Moving Average – Here’s Why

Freehold Royalties Ltd. (OTCMKTS:FRHLF)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $9.24 and traded as low as $8.73. Freehold Royalties shares last traded at $8.83, with a volume of 35,684 shares changing hands.

Analyst Ratings Changes

Separately, Raymond James started coverage on shares of Freehold Royalties in a report on Friday, October 18th. They issued a “market perform” rating and a $16.00 price target on the stock.

Freehold Royalties Trading Up 0.9 %

The business has a 50-day simple moving average of $9.24 and a 200 day simple moving average of $9.79.

Freehold Royalties Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be given a $0.0628 dividend. This represents a dividend yield of 8.38%. The ex-dividend date of this dividend is Friday, January 31st. Freehold Royalties’s dividend payout ratio is currently 181.76%.

About Freehold Royalties

Freehold Royalties Ltd. engages in the acquiring and managing royalty interests in the crude oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. Freehold Royalties Ltd. was founded in 1996 and is headquartered in Calgary, Canada.