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

Key Points

• Shares of Abcourt Mines Inc. surged 66.7% on Saturday, trading at C$0.08 after previously closing at C$0.05, with a remarkable 1,957% increase in volume over the average session.
• The company, which is engaged in gold and other mineral exploration in Canada, has a market capitalization of C$59.96 million and a P/E ratio of -4.56.
• Abcourt Mines has a debt-to-equity ratio of -32.13 and a current ratio of 0.67, indicating potential financial instability.

Abcourt Mines Inc. (CVE:ABI - Get Free Report) was up 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 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 business has a 50-day simple moving average of C$0.05 and a 200 day simple moving average of C$0.05. The firm has a market cap of C$55.96 million, a P/E ratio of -4.26 and a beta of 1.57. The company has a debt-to-equity ratio of -32.13, a quick ratio of 0.44 and a current ratio of 0.67.

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.