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

Abcourt Mines logo with Basic Materials background

Key Points

  • Abcourt Mines Inc.'s stock price increased by 66.7% during trading, reaching C$0.08, following a surge in trading volume to 8.8 million shares, a stark rise of 1,957% from the average.
  • The company's market capitalization stands at C$59.96 million, with a negative PE ratio of -4.56.
  • Abcourt Mines is involved in the acquisition, exploration, and exploitation of gold, silver, and zinc mining properties in Canada, having been incorporated in 1971.
  • Want stock alerts on Abcourt Mines? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Abcourt Mines Inc. (CVE:ABI - Get Free Report)'s share price shot up 66.7% on Saturday . The company traded as high as C$0.08 and last traded at C$0.08. 8,814,002 shares traded hands during mid-day 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 Price Performance

The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of -32.13. The company has a market capitalization of C$55.96 million, a PE ratio of -4.26 and a beta of 1.57. The stock's 50-day moving average is C$0.05 and its two-hundred day moving average is C$0.05.

Abcourt Mines Company Profile

(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.

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