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

Shares of Abitibi Royalties Inc. (CVE:RZZ) traded down 0.6% during trading on Tuesday . The stock traded as low as C$26.80 and last traded at C$27.00. 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 Trading Down 0.6%

The firm has a market capitalization of C$336.50 million and a P/E ratio of -168.75. The business’s 50 day simple moving average is C$27.00 and its two-hundred day simple moving average is C$27.00.

About Abitibi Royalties

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.