Abcourt Mines (CVE:ABI) Trading 55.6% Higher - Here's Why

Key Points

• Abcourt Mines Inc. experienced a substantial **55.6% increase** in stock price during trading, rising from C$0.05 to as high as C$0.08, with **7.49 million shares** traded, marking a **1,688% increase** in volume.
• The company's market capitalization stands at **C$59.96 million** with a P/E ratio of **-4.56**, and it primarily focuses on the **acquisition and exploration of gold, silver, and zinc mining properties** in Canada.
• Abcourt Mines has a **negative debt-to-equity ratio** of **-32.13**, suggesting a strong financial position due to low debt levels relative to equity.

Abcourt Mines Inc. (CVE:ABI - Get Free Report)'s stock price rose 55.6% during trading on Friday . The company traded as high as C$0.08 and last traded at C$0.07. Approximately 7,494,108 shares traded hands during mid-day trading, an increase of 1,688% from the average daily volume of 419,201 shares. The stock had previously closed at C$0.05.

Abcourt Mines Stock Down 6.7%

The business's fifty day moving average price is C$0.05 and its 200 day moving average price is 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. The firm has a market capitalization of C$55.96 million, a PE ratio of -4.26 and a beta of 1.57.

Abcourt Mines Company Profile

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.