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

Abcourt Mines logo with Basic Materials background

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.
  • MarketBeat previews top five stocks to own in October.

Shares of Abcourt Mines Inc. (CVE:ABI - Get Free Report) shot up 66.7% during trading on Saturday . 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 Trading Up 7.1%

The company has a market capitalization of C$59.96 million, a price-to-earnings ratio of -4.56 and a beta of 1.57. The business has a fifty day moving average price of C$0.05 and a 200 day moving average price of 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

(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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