Keg Royalties Income Fund (TSE:KEG.UN) Stock Drops Below 200-Day Moving Average

On Thursday, the shares of Keg Royalties Income Fund (TSE:KEG.UN) fell below its 200-day moving average during trading. The stock's 200-day moving average stands at C$14.95, while the lowest price it reached during the session was C$14.35. The shares last traded at C$14.55, with a total trading volume of 11,855 shares.

Keg Royalties Income Fund Financial Metrics

The company's financial metrics indicate a debt-to-equity ratio of 12.62, a current ratio of 0.04, and a quick ratio of 2.11. It has a market capitalization of C$165.14 million and a price-to-earnings ratio of 12.02. Additionally, the stock has a 50-day simple moving average of C$14.69 and maintains its 200-day moving average at C$14.95.

Dividend Announcement from Keg Royalties Income Fund

Recently, the Keg Royalties Income Fund declared a monthly dividend that was paid on Tuesday, December 31st. Shareholders on record as of that date received a dividend of $0.0946 per share. The ex-dividend date was identified as Friday, December 20th. This amounts to an annualized dividend of $1.14, yielding 7.80%. The dividend payout ratio stands at 94.21%.

Insider Buying Activity

In related news, Senior Officer Kenneth Joseph Grondin made a purchase of 13,300 shares of Keg Royalties Income Fund's stock on Tuesday, December 10th. The shares were acquired at an average price of C$15.20, totaling a purchase value of C$202,222.51. Insiders currently own 50.30% of the company's shares.

Keg Royalties Income Fund Overview

The Keg Royalties Income Fund functions as an unincorporated open-ended limited purpose trust. It invests in The Keg Rights Limited Partnership, which holds trademarks, trade names, operating procedures, systems, and other intellectual property associated with the operation of Keg steakhouse restaurants and bars.

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Keg, Royalties, Stock