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Abcourt Mines (CVE:ABI) Shares Up 66.7% - Here's What Happened

Abcourt Mines logo with Basic Materials background

Key Points

  • Abcourt Mines Inc. (CVE:ABI) experienced a 66.7% increase in stock price on Friday, reaching as high as C$0.08 after closing at C$0.05.
  • The trading volume surged to 8,814,002 shares, reflecting a significant increase of 1,957% compared to the average session volume.
  • Abcourt Mines focuses on the acquisition and exploration of gold, silver, and zinc mining properties in Canada, and has been operational since 1971.
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Abcourt Mines Inc. (CVE:ABI - Get Free Report)'s share price traded up 66.7% during trading on Friday . The company traded as high as C$0.08 and last traded at C$0.08. 8,814,002 shares changed hands during trading, an increase of 1,957% from the average session volume of 428,392 shares. The stock had previously closed at C$0.05.

Abcourt Mines Stock Up 66.7%

The business has a fifty day moving average of C$0.05 and a 200 day moving average of C$0.05. The company has a market capitalization of C$59.96 million, a PE ratio of -4.56 and a beta of 1.57. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of -32.13.

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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