Vox Royalty (NASDAQ:VOXR) Stock Price Down 3.9% – Time to Sell?

Vox Royalty Corp. (NASDAQ:VOXR)’s share price traded down 3.9% during trading on Wednesday . The stock traded as low as $5.07 and last traded at $5.0550. 404,578 shares were traded during trading, a decline of 46% from the average session volume of 744,872 shares. The stock had previously closed at $5.26.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Vox Royalty in a research report on Monday. Wall Street Zen upgraded shares of Vox Royalty from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Vox Royalty Stock Performance

The business has a 50-day moving average of $4.56 and a 200 day moving average of $3.91. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.35 and a quick ratio of 3.35. The company has a market cap of $345.10 million, a PE ratio of -126.38 and a beta of 0.35.

Vox Royalty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st will be paid a $0.0125 dividend. This represents a $0.05 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Wednesday, December 31st. Vox Royalty’s dividend payout ratio is -125.00%.

Institutional Trading of Vox Royalty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VOXR. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Vox Royalty during the 2nd quarter valued at $31,000. BNP Paribas Financial Markets lifted its position in Vox Royalty by 160.2% during the third quarter. BNP Paribas Financial Markets now owns 13,313 shares of the company’s stock valued at $57,000 after purchasing an additional 8,196 shares in the last quarter. Ridgewood Investments LLC bought a new stake in Vox Royalty during the second quarter valued at about $44,000. Stratos Wealth Partners LTD. purchased a new stake in Vox Royalty in the third quarter worth about $63,000. Finally, Caitlin John LLC bought a new position in shares of Vox Royalty in the second quarter worth about $47,000. 45.95% of the stock is owned by hedge funds and other institutional investors.

Vox Royalty Company Profile

Vox Royalty Corp. is a mining royalty and streaming company that acquires interest in precious and base metal projects around the world. By investing in royalty and metal stream agreements, the company provides non-dilutive financing to exploration and mining operators in exchange for a percentage of production revenue or metal offtake. This model allows Vox Royalty to build a steady cash-flow profile without the operational risks and capital expenditures associated with direct mine ownership.

Since its founding in 2018 and subsequent listing on the TSX Venture Exchange, Vox Royalty has assembled a diversified portfolio of royalty and stream interests covering gold, silver, copper, zinc, nickel and other battery metals.