After Today’s Huge Decline, Is Abitibi Royalties Inc’s Near-Term Analysis Negative?

 After Today's Huge Decline, Is Abitibi Royalties Inc's Near Term Analysis Negative?

The stock of Abitibi Royalties Inc (CVE:RZZ) is a huge mover today! About 2,500 shares traded hands. Abitibi Royalties Inc (CVE:RZZ) has risen 6.00% since October 17, 2016 and is uptrending. It has outperformed by 1.31% the S&P500.
The move comes after 7 months negative chart setup for the $90.24 million company. It was reported on Nov, 16 by Barchart.com. We have $7.13 PT which if reached, will make CVE:RZZ worth $11.73 million 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 Business.Financialpost.com with their article: “Abitibi Royalties Inc gets creative to find mining investment opportunities” published on June 10, 2015, Seekingalpha.com published: “Checking In On Abitibi Royalties, Golden Valley Mines” on September 21, 2016. 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 News Release Update on Investment Portfolio” with publication date: October 19, 2016.

Abitibi Royalties Inc., together with its various subsidiaries, is involved in initial grassroots exploration projects. The company has a market cap of $90.24 million. The Firm operates through exploration and evaluation of mineral resources segment. It has a 4.33 P/E ratio. The Company’s properties include Canadian Malartic property, and Luc Bourdon and Bourdon West prospects.

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