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 3,260 shares traded hands. Abitibi Royalties Inc (CVE:RZZ) has risen 6.00% since November 1, 2016 and is uptrending. It has outperformed by 0.07% the S&P500.
The move comes after 7 months negative chart setup for the $97.45 million company. It was reported on Dec, 1 by Barchart.com. We have $7.76 PT which if reached, will make CVE:RZZ worth $5.85M less.

More important 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 Finance.Yahoo.com published article titled: “Abitibi Royalties Increases Royalty Holdings in Red Lake District”, 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) was released by: Seekingalpha.com and their article: “Checking In On Abitibi Royalties, Golden Valley Mines” with publication date: September 21, 2016.

Abitibi Royalties Inc., together with its various subsidiaries, is involved in initial grassroots exploration projects. The company has a market cap of $97.45 million. The Firm operates through exploration and evaluation of mineral resources segment. It has a 4.36 P/E ratio. The Company’s properties include Canadian Malartic property, and Luc Bourdon and Bourdon West prospects.

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