Duke Royalty Ltd (LON:DUKE)’s stock price shot up 1.9% during trading on Thursday . The company traded as high as GBX 48.60 ($0.64) and last traded at GBX 48.40 ($0.63), 528,311 shares were traded during mid-day trading. An increase of 3,105% from the average session volume of 16,486 shares. The stock had previously closed at GBX 47.50 ($0.62).
Separately, Berenberg Bank upped their price target on Duke Royalty from GBX 54 ($0.71) to GBX 56 ($0.73) and gave the stock a “buy” rating in a research report on Tuesday, July 9th.
The stock has a market cap of $95.98 million and a PE ratio of 96.80. The stock’s 50-day moving average is GBX 45.39 and its two-hundred day moving average is GBX 45.03.
Duke Royalty Limited, formerly Praetorian Resources Limited, is a closed-ended investment holding company. The Company’s investment policy is to invest in a diversified portfolio of royalty finance and related opportunities to build a stable and reliable income for shareholders by seeking to invest in, long term, revenue-based royalties in private and/or public companies, and/or other alternative asset classes and/or financing instruments from time to time that bear similar risk and return characteristics to the investments in long term, revenue-based royalties.
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