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Star Royalties ( (TSE:STRR) ) has issued an announcement.
Star Royalties Ltd., through its joint venture Green Star Royalties, announced a significant agreement between NativState LLC and TotalEnergies SE, where TotalEnergies will acquire carbon credits from NativState’s Improved Forest Management projects in the southeastern United States. This strategic agreement, which spans 247,000 acres and involves over 280 private family forest landowners, underscores NativState’s commitment to sustainable forestry practices and aligns with TotalEnergies’ climate roadmap. The initiative is expected to enhance biodiversity, provide financial support to small landowners, and contribute to TotalEnergies’ goal of generating substantial carbon credits by 2030.
Spark’s Take on TSE:STRR Stock
According to Spark, TipRanks’ AI Analyst, TSE:STRR is a Neutral.
Star Royalties’ overall stock score reflects significant operational challenges, with declining revenues and negative cash flows weighing heavily. The strong balance sheet provides some stability, but technical indicators suggest weak market momentum. The low P/E ratio indicates the stock might be undervalued, offering potential upside if the company can address its operational issues.
To see Spark’s full report on TSE:STRR stock, click here.
More about Star Royalties
Star Royalties Ltd. is a company involved in precious metals and carbon credit royalty and streaming. It aims to create wealth through transactions that align well with both counterparties and shareholders. The company offers investors exposure to precious metals and carbon credit prices through its joint venture, Green Star Royalties Ltd., which has pioneered the world’s first carbon credit royalties.
Average Trading Volume: 59,142
Technical Sentiment Signal: Sell
Current Market Cap: C$18.87M
See more insights into STRR stock on TipRanks’ Stock Analysis page.