Time to Buy Abitibi Royalties Inc After Today’s Huge Decline?


The stock of Abitibi Royalties Inc (CVE:RZZ) is a huge mover today! The stock decreased 3.19% or $0.26 on September 13, hitting $7.9. About 3,411 shares traded hands. Abitibi Royalties Inc (CVE:RZZ) has risen 6.00% since August 15, 2016 and is uptrending. It has underperformed by 10.49% the S&P500.
The move comes after 9 months negative chart setup for the $91.35M company. It was reported on Sep, 14 by Barchart.com. We have $6.87 PT which if reached, will make CVE:RZZ worth $11.88 million less.

Abitibi Royalties Inc., together with its various subsidiaries, is involved in initial grassroots exploration projects. The company has a market cap of $91.35 million. The Firm operates through exploration and evaluation of mineral resources segment. It has a 27.46 P/E ratio. The Company’s properties include Canadian Malartic property, and Luc Bourdon and Bourdon West prospects.

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