Freehold Royalties (OTCMKTS:FRHLF) Stock Price Crosses Below 50 Day Moving Average – Time to Sell?

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 traded.

Wall Street Analysts Forecast Growth

Separately, Raymond James assumed coverage on shares of Freehold Royalties in a research note on Friday, October 18th. They set a “market perform” rating and a $16.00 price objective for the company.

Freehold Royalties Stock Performance

The stock’s 50 day moving average price is $8.97 and its 200-day moving average price is $9.68.

Freehold Royalties Cuts Dividend

The business also recently announced 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. This represents a dividend yield of 8.38%. The ex-dividend date 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.