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

Key Points

• Shares of Abcourt Mines Inc. surged by 66.7% to a trading price of C$0.08, significantly increasing its trading volume to 8,814,002 shares.
• The company's market capitalization now stands at C$59.96 million, with a PE ratio of -4.56 and a notable debt-to-equity ratio of -32.13.
• Abcourt Mines specializes in the acquisition and exploration of gold, silver, and zinc mining properties in Canada.

Abcourt Mines Inc. (CVE:ABI - Get Free Report)'s share price rose 66.7% on Saturday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 8,814,002 shares were traded 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 Trading Up 7.1%

The stock has a market cap of C$59.96 million, a PE ratio of -4.56 and a beta of 1.57. The stock has a 50-day moving average price of C$0.05 and a two-hundred 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.

Abcourt Mines Company Profile

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.