Abcourt Mines (CVE:ABI) Shares Up 66.7% - Time to Buy?

Key Points

• Abcourt Mines Inc. shares surged by 66.7% in mid-day trading, reaching a last traded price of C$0.08 after closing at C$0.05.
• The trading volume was approximately 8,814,002 shares, marking a dramatic increase of 1,957% from the average daily volume.
• Abcourt Mines specializes in the acquisition and exploration of gold mining properties in Canada, and was incorporated in 1971.

Shares of Abcourt Mines Inc. (CVE:ABI - ) rose 66.7% during mid-day trading on Friday . The company 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 Price Performance

The stock has a market cap of C$59.96 million, a PE ratio of -4.56 and a beta of 1.57. The business's 50-day simple moving average is C$0.05 and its 200-day simple moving average 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.

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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