Abitibi Royalties (CVE:RZZ) Stock Price Down 0.6% – Time to Sell?

Abitibi Royalties Inc. (CVE:RZZGet Free Report) was down 0.6% 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 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 Down 0.6 %

The business has a 50-day simple moving average of C$27.00 and a 200-day simple moving average of C$27.00. The company has a market cap of C$336.50 million and a PE ratio of -168.75.

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.

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