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Abcourt Mines (CVE:ABI) Trading 66.7% Higher - Here's What Happened

Abcourt Mines logo with Basic Materials background

Key Points

  • Abcourt Mines Inc. shares surged 66.7% during mid-day trading, reaching a high of C$0.08 after previously closing at C$0.05.
  • Trading volume increased dramatically to 8,814,002 shares, which is 1,957% higher than the average session volume.
  • The company focuses on the acquisition and exploration of gold, silver, and zinc mining properties in Canada and is headquartered in Rouyn-Noranda.
  • MarketBeat previews top five stocks to own in October.

Abcourt Mines Inc. (CVE:ABI - Get Free Report) shares were up 66.7% during mid-day trading on Saturday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 8,814,002 shares changed hands during 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 Stock Performance

The stock has a market cap of C$55.96 million, a P/E ratio of -4.26 and a beta of 1.57. The company has a debt-to-equity ratio of -32.13, a current ratio of 0.67 and a quick ratio of 0.44. The firm's 50-day moving average price is C$0.05 and its 200-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.

Further Reading

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