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Abcourt Mines (CVE:ABI) Shares 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.
  • Looking to export and analyze Abcourt Mines data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Abcourt Mines Inc. (CVE:ABI - Get Free Report) shares were up 66.7% on Saturday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 8,814,002 shares changed 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 company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of -32.13. The stock has a market cap of C$51.96 million, a PE ratio of -3.95 and a beta of 1.57. The firm's 50-day moving average price is C$0.05 and its two-hundred day moving average price is C$0.05.

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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