Abitibi Royalties (CVE:RZZ) Stock Price Down 0.6% – Should You Sell?

Shares of Abitibi Royalties Inc. (CVE:RZZGet Free Report) fell 0.6% on Tuesday . The company traded as low as C$26.80 and last traded at C$27.00. 4,551 shares changed hands during mid-day 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 Trading Down 0.6%

The company has a market capitalization of C$336.50 million and a price-to-earnings ratio of -168.75. The business’s 50 day moving average price is C$27.00 and its two-hundred day moving average price is C$27.00.

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. The company was incorporated in 2010 and is headquartered in Val-d'Or, Canada.

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