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Abcourt Mines (CVE:ABI) Shares Cross Above 50-Day Moving Average - Time to Sell?

Abcourt Mines logo with Basic Materials background

Key Points

  • Abcourt Mines Inc. (CVE:ABI) has seen its stock price surpass its 50-day moving average of C$0.08, trading as high as C$0.10 on Wednesday.
  • The company has a market cap of C$96.11 million and a current P/E ratio of -9.50, indicating potential challenges in profitability.
  • Abcourt Mines primarily engages in the exploration for gold, silver, and zinc deposits in Canada and has been operational since 1971.
  • MarketBeat previews top five stocks to own in November.

Abcourt Mines Inc. (CVE:ABI - Get Free Report)'s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.08 and traded as high as C$0.10. Abcourt Mines shares last traded at C$0.10, with a volume of 493,526 shares.

Abcourt Mines Price Performance

The firm has a 50-day simple moving average of C$0.08 and a 200-day simple moving average of C$0.06. The firm has a market cap of C$96.11 million, a P/E ratio of -9.50 and a beta of 1.26. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of -32.13.

Abcourt Mines Company Profile

(Get Free Report)

Abcourt Mines Inc engages in the acquisition, exploration, evaluation, and exploitation of gold mining properties in Canada. It also explores for silver and zinc deposits. Abcourt Mines Inc was incorporated in 1971 and is headquartered in Rouyn-Noranda, Canada.

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