Abcourt Mines (CVE:ABI) Shares Up 66.7% - Should You Buy?

Key Points

• Shares of Abcourt Mines Inc. surged by 66.7% during trading on Saturday, reaching a last traded price of C$0.08.
• Trading volume increased significantly, with 8,814,002 shares traded, representing a 1,957% rise from the average session volume.
• Abcourt Mines specializes in the acquisition and exploration of gold mining properties in Canada, as well as searching for silver and zinc deposits.

Shares of Abcourt Mines Inc. (CVE:ABI - ) shot up 66.7% during trading on Saturday . The stock traded as high as C$0.08 and last traded at C$0.08. 8,814,002 shares were traded during mid-day 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 Price Performance

The firm's fifty day moving average price is C$0.05 and its 200 day moving average price is C$0.05. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of -32.13. The stock has a market cap of C$59.96 million, a PE ratio of -4.56 and a beta of 1.57.

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.

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