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. 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 stock has a market cap of C$336.50 million and a PE ratio of -168.75. The stock has a fifty day moving average price of C$27.00 and a 200 day moving average price of C$27.00.
Abitibi Royalties Company Profile
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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