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Source Rock Royalties Ltd. ( (TSE:SRR) ) has provided an announcement.
Source Rock Royalties Ltd. announced record annual royalty production and revenue for fiscal 2024, marking the highest results in its 12-year history. The company reported a 21% increase in royalty production and a 16% rise in royalty revenue compared to 2023, driven by acquisitions and drilling activities. With a significant increase in working capital, Source Rock is actively pursuing additional royalty acquisitions to expand and diversify its production base.
More about Source Rock Royalties Ltd.
Source Rock Royalties Ltd. is a pure-play oil and gas royalty company with a portfolio of oil royalty interests concentrated in southeast Saskatchewan, central Alberta, and west-central Saskatchewan. The company focuses on a balanced growth and yield business model, utilizing funds from operations for accretive royalty acquisitions and dividend payments.
YTD Price Performance: 3.90%
Average Trading Volume: 38,265
Technical Sentiment Consensus Rating: Strong Sell
For a thorough assessment of SRR stock, go to TipRanks’ Stock Analysis page.