Is Abitibi Royalties Inc’s Fuel Running Low? The Stock Just Declined Again

 Is Abitibi Royalties Inc's Fuel Running Low? The Stock Just Declined Again

The stock of Abitibi Royalties Inc (CVE:RZZ) is a huge mover today! About 6,158 shares traded hands. Abitibi Royalties Inc (CVE:RZZ) has risen 6.00% since October 5, 2016 and is uptrending. It has outperformed by 4.91% the S&P500.
The move comes after 9 months negative chart setup for the $111.97M company. It was reported on Nov, 4 by Barchart.com. We have $8.27 PT which if reached, will make CVE:RZZ worth $14.56M less.

More notable recent Abitibi Royalties Inc (CVE:RZZ) news were published by: Marketwired.com which released: “Abitibi Royalties Inc.: Rob McEwen to Purchase Additional 439084 Shares for …” on June 02, 2016, also Marketwired.com with their article: “Abitibi Royalties Update on Royalties at Canadian Malartic Mine” published on October 31, 2016, Business.Financialpost.com published: “Abitibi Royalties Inc gets creative to find mining investment opportunities” on June 10, 2015. More interesting news about Abitibi Royalties Inc (CVE:RZZ) were released by: Marketwired.com and their article: “Abitibi Royalties Completes C$60 Million Transaction on the Malartic CHL Project” published on March 20, 2015 as well as Marketwired.com‘s news article titled: “Abitibi Royalties Enters Into Transformational Agreement on the Malartic CHL …” with publication date: February 23, 2015.

Abitibi Royalties Inc., together with its various subsidiaries, is involved in initial grassroots exploration projects. The company has a market cap of $111.97 million. The Firm operates through exploration and evaluation of mineral resources segment. It has a 5.02 P/E ratio. The Company’s properties include Canadian Malartic property, and Luc Bourdon and Bourdon West prospects.

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