PrairieSky Royalty Ltd. (TSE:PSK – Get Free Report) insider Ian Charles Dundas acquired 7,500 shares of the business’s stock in a transaction that occurred on Friday, June 19th. The shares were acquired at an average cost of C$31.89 per share, for a total transaction of C$239,175.00. Following the transaction, the insider owned 27,500 shares of the company’s stock, valued at approximately C$876,975. This represents a 37.50% increase in their position.
PrairieSky Royalty Stock Down 0.3%
Shares of TSE PSK traded down C$0.08 during mid-day trading on Monday, reaching C$31.85. 576,919 shares of the company traded hands, compared to its average volume of 555,953. The company’s fifty day moving average is C$33.35 and its two-hundred day moving average is C$30.76. The company has a debt-to-equity ratio of 9.36, a quick ratio of 0.65 and a current ratio of 0.83. PrairieSky Royalty Ltd. has a fifty-two week low of C$23.17 and a fifty-two week high of C$35.89. The stock has a market cap of C$7.40 billion, a PE ratio of 37.03, a price-to-earnings-growth ratio of 0.47 and a beta of 0.75.
PrairieSky Royalty Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th will be given a $0.265 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.3%. PrairieSky Royalty’s dividend payout ratio (DPR) is currently 121.51%.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on PrairieSky Royalty
PrairieSky Royalty Company Profile
PrairieSky Royalty Ltd is the owner of subsurface mineral rights on a variety of royalty properties in western Canada. The company encourages third parties to develop these properties, while also seeking additional petroleum and natural gas royalty assets. Once PrairieSky has given a third party the right to explore, develop, or produce on its properties, the company collects royalty revenue from the development of petroleum and natural gas. Property arrangements can be contracted as lease issuances, farmouts, drilling commitments, or seismic option agreements.
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