Abitibi Royalties (CVE:RZZ) Shares Down 0.6% – Here’s What Happened

Abitibi Royalties Inc. (CVE:RZZGet Free Report)’s share price was down 0.6% on Tuesday . The company traded as low as C$26.80 and last traded at C$27.00. Approximately 4,551 shares were traded during trading, an increase of 22% from the average daily volume of 3,730 shares. The stock had previously closed at C$27.15.

Abitibi Royalties Stock Performance

The firm has a market cap of C$336.50 million and a price-to-earnings ratio of -168.75. The firm’s 50 day moving average is C$27.00 and its 200-day moving average is C$27.00.

About Abitibi Royalties

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Abitibi Royalties Inc engages in exploring, evaluating, and promoting mineral properties and other projects in Canada. Its flagship royalty is 3% net smelter return royalty located on the eastern portion of the Canadian Malartic mine that includes the East Malartic, Odyssey, Sladen, Sheehan, Jeffrey, Barnat Extension, Gouldie Zone, and the Charlie Zone.

Further Reading

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