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

Shares of Abitibi Royalties Inc. (CVE:RZZ – Get Free Report) dropped 0.6% during mid-day trading on Tuesday . The company traded as low as C$26.80 and last traded at C$27.00. 4,551 shares traded hands during trading, an increase of 22% from the average session volume of 3,730 shares. The stock had previously closed at C$27.15.

Abitibi Royalties Stock Performance

The stock has a market capitalization of C$336.50 million and a price-to-earnings ratio of -168.75. The company has a 50-day moving average of C$27.00 and a 200-day moving average of 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. The company was incorporated in 2010 and is headquartered in Val-d'Or, Canada.

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