Keg Royalties Income Fund (TSE:KEG.UN) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

Keg Royalties Income Fund (TSE:KEG.UNGet Free Report)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$14.94 and traded as low as C$14.50. Keg Royalties Income Fund shares last traded at C$14.64, with a volume of 12,220 shares changing hands.

Keg Royalties Income Fund Stock Performance

The firm’s fifty day moving average price is C$15.00 and its 200-day moving average price is C$14.94. The company has a current ratio of 0.04, a quick ratio of 2.11 and a debt-to-equity ratio of 12.62. The firm has a market cap of C$166.16 million, a price-to-earnings ratio of 12.10 and a beta of 1.37.

Keg Royalties Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a dividend of $0.0946 per share. This represents a $1.14 dividend on an annualized basis and a yield of 7.75%. The ex-dividend date was Friday, December 20th. Keg Royalties Income Fund’s dividend payout ratio is currently 94.21%.

Insider Buying and Selling

In other news, Senior Officer Kenneth Joseph Grondin acquired 13,300 shares of the business’s stock in a transaction on Tuesday, December 10th. The stock was bought at an average price of C$15.20 per share, for a total transaction of C$202,222.51. 50.30% of the stock is owned by company insiders.

Keg Royalties Income Fund Company Profile

(Get Free Report)

The Keg Royalties Income Fund operates as an unincorporated open-ended limited purpose trust. The company invests in The Keg Rights Limited Partnership, which owns the trademarks, trade names, operating procedures and systems, and other intellectual property used for the operation of Keg steakhouse restaurants and bars.

Further Reading

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