NRT - North European Oil Royality Trust: The Winning Streak Continues (NRT)
North European Oil Royality Trust (NYSE:NRT) traded today at a new 52-week high of $17.89. So far today approximately 77,000 shares have been exchanged, as compared to an average 30-day volume of 100,000 shares.
North European Oil Royalty Trust holds overriding royalty rights covering gas and oil production in certain concessions or leases in the Federal Republic of Germany. The properties of the trust are overriding royalty rights on sales of gas, sulfur, and oil under certain concessions or leases in the Federal Republic of Germany. The trust also holds other royalty rights, which are based on leases. It receives various percentages of royalties on the proceeds of the sales of certain products from the areas involved.
Based on a current price of $16.86, North European Oil Royality Trust is currently 11.5% above its average consensus analyst price target of $14.92.
North European Oil Royality Trust share prices have moved between a 52-week high of $17.89 and a 52-week low of $3.75 and are now trading 350% above that low price at $16.86 per share.
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