Abcourt Mines (CVE:ABI) Shares Up 66.7% - What's Next?

Key Points

• Abcourt Mines Inc.'s share price surged by 66.7% to C$0.08, with a trading volume increase of 1,971% compared to its average.
• The company reported a market capitalization of C$59.96 million alongside a negative price-to-earnings ratio of -4.56.
• Abcourt Mines is focused on the acquisition and exploration of gold, silver, and zinc mining properties in Canada.

Abcourt Mines Inc. (CVE:ABI - )'s share price shot up 66.7% during trading on Friday . The company 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 1,971% from the average session volume of 425,601 shares. The stock had previously closed at C$0.05.

Abcourt Mines Stock Up 66.7%

The company has a debt-to-equity ratio of -32.13, a current ratio of 0.67 and a quick ratio of 0.44. 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 firm has a 50-day moving average price of C$0.05 and a two-hundred day moving average price of C$0.05.

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.

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