Abitibi Royalties (CVE:RZZ) Shares Up 4.7%

Abitibi Royalties Inc (CVE:RZZ)’s stock price shot up 4.7% on Tuesday . The company traded as high as C$15.50 and last traded at C$15.10, 33,371 shares changed hands during mid-day trading. An increase of 1,059% from the average session volume of 2,879 shares. The stock had previously closed at C$14.42.

The stock has a fifty day moving average of C$14.56 and a 200-day moving average of C$13.34. The firm has a market capitalization of $188.62 million and a P/E ratio of 18.31.

About Abitibi Royalties (CVE:RZZ)

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, which includes the Jeffrey Zone and the Barnat Extension; and Odyssey North discovery and other portions of the Odyssey project, as well as portions of the East Malartic property.

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