Q: Orogen Royalties has been moved up quickly in the past few days. Is there a specific reason for this or is it just following the price of gold. Also could you provide a summary of Orogen's fundamentals.
Thanks.
Thanks.
5i Research Answer:
OGN has not had news in nearly a month. The sector has been strong, but its 55% YTD gain is still an outlier. It has $20M cash, but not much to analyze in terms of fundamentals. Revenue and income and cash flow are minimal. Its royalty assets are interesting, though, and over time should generate good cash flow. Insiders own 5% and have been buyers. Sprott owns 29%. Altius owns 17%. Triple Flag owns 11%.