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Xtierra ( (TSE:RI) ) has shared an update.
Royalties Inc. has acquired an additional $500,000 in shares of Music Royalties Inc., increasing its holdings to 4 million shares. This acquisition is part of Royalties Inc.’s strategy to become cash flow positive, as it will generate $144,000 in annual dividend income. The move strengthens Royalties Inc.’s position in the music royalties market, potentially providing stable income and enhancing its financial stability.
More about Xtierra
Royalties Inc. is involved in the mining and music royalties industries. It owns a 100% interest in the Bilbao silver-zinc-lead project in Zacatecas, Mexico, and holds an 88% stake in Minera Portree de Zacatecas, which is involved in a legal dispute over a net smelter royalty with Capstone Copper Corp. Additionally, Royalties Inc. has a 3.9% stake in Music Royalties Inc., a company that acquires passive music royalties and pays dividends.
Average Trading Volume: 172,597
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$18M
Find detailed analytics on RI stock on TipRanks’ Stock Analysis page.