Shares of Abitibi Royalties Inc. (CVE:RZZ – Get Free Report) fell 0.6% during mid-day trading on Friday . The company traded as low as C$26.80 and last traded at C$27.00. 4,550 shares changed 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 Price Performance
The stock has a market cap of C$336.50 million and a price-to-earnings ratio of -168.75. The company’s fifty 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.
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