Freehold Royalties (OTCMKTS:FRHLF) Shares Pass Below 50 Day Moving Average – Time to Sell?

Shares of Freehold Royalties Ltd. (OTCMKTS:FRHLF) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $8.97 and traded as low as $8.90. Freehold Royalties shares last traded at $8.93, with a volume of 42,098 shares.

Freehold Royalties Trading Down 0.5 %

The firm has a 50-day moving average price of $8.97 and a 200 day moving average price of $9.67.

Freehold Royalties Cuts Dividend

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

Freehold Royalties Company Profile

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.