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Stock Weekly: Diversified Royalty (DIV:CAD2.52) jumps 6.3% on firm volume

Feb 05, 2021 - News Bites Canadian Markets
Board and Executive Moves-Mergers and Acquisitions-Financial Results


Diversified Royalty Corp (TSX:DIV), Canada's 34th largest Bank by market cap, has lifted 15.0c (or 6.3%) in the past week to close at CAD2.52. Compared with the S&P/TSX 60 Index which rose 47.0 points (or 4.6%) in the week, this represented a relative price increase of 1.8%.

In the past week the market cap has risen by CAD16.3 million ($12.7 million) to CAD274 million.

The volume was 1.2 times average trading per week of 1.8 million shares.

Friday's price upDiversified Royalty accelerates rise, up 5.0% in 2 daysDiversified Royalty Corp lifted 12.0c (5.0%) over the past two trading days, compared with the S&P/TSX 60 Index which rose 12.9 points (1.2%) in the two days for a relative price increase of 3.8%. The stock rose 4.0c (1.7%) on Thursday and 8.0c (3.3%) on Friday to close at CAD2.52. Today the stock traded at its 11-day high of CAD2.52. The 2-day rise was fuelled by a cumulative volume of 1.3 times the average 2-day volume of 352,401 shares. There were 264,896 shares worth CAD667,538 ($520,772) traded today.Bearish Turning Poin...