22-May-2024
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SCULLY ROYALTY FILES ITS 2023 ANNUAL REPORT ON FORM 20-F
PRNewswire (Mon, 29-Apr 8:00 AM ET)
Scully Royalty Ltd is a royalty-based company that maximizes earnings upon its iron ore royalty interest. The company's business segments include Royalty, which includes an interest in an iron ore mine; Industrial, which includes projects in resources and services; Merchant Banking, which comprises regulated merchant banking activities; and others. The majority of the revenue is generated from the Royalty segment. The company's geographical segments include Canada, Africa, America, Asia, and Europe, out of which Canada accounts for the majority of the revenue.
Scully Royalty Ltd. trades on the NYSE stock market under the symbol SRL.
As of May 22, 2024, SRL stock price declined to $5.96 with 3,094 million shares trading.
SRL has a market cap of $88.08 million. This is considered a Micro Cap stock.
In the last 3 years, SRL stock traded as high as $16.35 and as low as $3.71.
SRL has underperformed the market in the last year with a price return of -19.5% while the SPY ETF gained +28.2%. SRL has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -24.2% and -0.7%, respectively, while the SPY returned +6.9% and +2.5%, respectively.
SRL support price is $5.80 and resistance is $6.38 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SRL stock will trade within this expected range on the day.