Scully Royalty (NYSE:SRL) Stock Crosses Below 50 Day Moving Average – Should You Sell?

Shares of Scully Royalty Ltd. (NYSE:SRLGet Free Report) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $7.96 and traded as low as $7.78. Scully Royalty shares last traded at $7.88, with a volume of 21,337 shares traded.

Scully Royalty Stock Performance

The business’s 50-day simple moving average is $7.97 and its 200 day simple moving average is $7.26.

About Scully Royalty

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Scully Royalty Ltd. operates as an iron ore mining company in the Americas, Africa, Canada, Asia, and Europe. It operates through three segments: Royalty, Industrial, and Merchant Banking. The company holds royalty interest in the Scully iron ore mine located in the Province of Newfoundland and Labrador, Canada.

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