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Abcourt Mines (CVE:ABI) Trading Up 14.3% - What's Next?

Abcourt Mines logo with Basic Materials background

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.
  • Interested in Abcourt Mines? Here are five stocks we like better.

Shares of Abcourt Mines Inc. (CVE:ABI - Get Free Report) were up 14.3% on Tuesday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 2,095,745 shares were traded 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 Stock Performance

The stock has a market capitalization of C$75.88 million, a P/E ratio of -7.50 and a beta of 1.06. The stock has a 50 day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.05. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of -32.13.

About Abcourt Mines

(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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