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Abcourt Mines (CVE:ABI) Trading Up 66.7% - Here's Why

Abcourt Mines logo with Basic Materials background

Key Points

  • Abcourt Mines Inc. experienced a significant share price increase of 66.7%, reaching C$0.08 during mid-day trading.
  • Trading volume surged to 8,814,002 shares, marking a dramatic rise of 1,957% from the average session volume.
  • The company, headquartered in Rouyn-Noranda, Canada, focuses on the acquisition and exploration of gold mining properties, and also explores for silver and zinc deposits.
  • MarketBeat previews top five stocks to own in October.

Abcourt Mines Inc. (CVE:ABI - Get Free Report)'s share price was up 66.7% during trading on Saturday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 8,814,002 shares traded hands during mid-day trading, an increase of 1,957% from the average daily volume of 428,392 shares. The stock had previously closed at C$0.05.

Abcourt Mines Price Performance

The firm has a market capitalization of C$55.96 million, a P/E ratio of -4.26 and a beta of 1.57. The stock's fifty day simple moving average is C$0.05 and its 200 day simple moving average is C$0.05. The company has a debt-to-equity ratio of -32.13, a current ratio of 0.67 and a quick ratio of 0.44.

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.

See Also

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