Abitibi Royalties Inc. (CVE:RZZ – Get Free Report) shares dropped 0.6% on Wednesday . The stock traded as low as C$26.80 and last traded at C$27.00. Approximately 4,551 shares were traded during mid-day 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 price-to-earnings ratio of -168.75. The firm’s 50-day simple moving average is C$27.00 and its two-hundred day simple moving average is 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.
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