Abitibi Royalties (CVE:RZZ) Shares Down 0.6% – Here’s Why

Abitibi Royalties Inc. (CVE:RZZ)’s stock price fell 0.6% on Monday . The company traded as low as C$26.80 and last traded at C$27.00. 4,551 shares were traded 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 Stock Performance

The company has a market capitalization of C$336.50 million and a PE ratio of -168.75. The company’s 50-day simple moving average is C$27.00 and its 200-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. The company was incorporated in 2010 and is headquartered in Val-d'Or, Canada.