PrairieSky Royalty Ltd. (TSX:PSK) stock finished trading at -1.66%, bringing the stock price to $18.40 on the Toronto Stock Exchange. The stock price saw a low of $18.22 and a high of $18.76.
The company’s stock was traded 2,793 times with a total of 527,121 shares traded.
PrairieSky Royalty Ltd. has a market cap of $4.3 billion, with 233.67 million shares in issue.
PrairieSky Royalty Ltd is the owner of subsurface mineral rights on a variety of royalty properties in western Canada. The company encourages third parties to develop these properties, while also seeking additional petroleum and natural gas royalty assets. Once PrairieSky has given a third party the right to explore, develop, or produce on its properties, the company collects royalty revenue from the development of petroleum and natural gas. Property arrangements can be contracted as lease issuances, farmouts, drilling commitments, or seismic option agreements.
