Abcourt Mines (CVE:ABI) Shares Up 14.3% - Still a Buy?

Key Points

• Abcourt Mines Inc. shares rose by 14.3% on Tuesday, reaching a trading price of C$0.08, with trading volume significantly up by 269% compared to the average.
• The company has a market capitalization of C$80.93 million, a PE ratio of -8.00, and a debt-to-equity ratio of -32.13, indicating potential financial challenges.
• Abcourt Mines focuses on the acquisition and exploration of gold, silver, and zinc mining properties in Canada and has been operational since 1971.

Abcourt Mines Inc. (CVE:ABI - ) was up 14.3% during trading on Tuesday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 2,095,745 shares changed hands during mid-day trading, an increase of 269% from the average daily volume of 567,926 shares. The stock had previously closed at C$0.07.

Abcourt Mines Trading Up 14.3%

The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of -32.13. The company has a 50-day simple moving average of C$0.06 and a 200 day simple moving average of C$0.05. The firm has a market cap of C$80.93 million, a PE ratio of -8.00 and a beta of 1.06.

About Abcourt Mines

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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