Abcourt Mines (CVE:ABI) Trading Up 66.7% - Still a Buy?

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.

Abcourt Mines Inc. (CVE:ABI - Get Free Report) was up 66.7% during mid-day trading on Saturday . The stock 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 Stock Performance

The company has a market cap of C$59.96 million, a P/E ratio of -4.56 and a beta of 1.57. The stock's 50-day moving average is C$0.05 and its two-hundred day 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.

About Abcourt Mines

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.