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Abcourt Mines (CVE:ABI) Stock Price Down 13.3% - Here's Why

Abcourt Mines logo with Basic Materials background

Key Points

  • Abcourt Mines Inc. shares fell 13.3% on Tuesday, trading at C$0.07, significantly lower than its previous close of C$0.08.
  • The company's stock volume surged by 205% compared to its average session, with over 1.39 million shares traded.
  • Abcourt Mines, headquartered in Rouyn-Noranda, Canada, focuses on the acquisition and exploration of gold, silver, and zinc mining properties.
  • Five stocks to consider instead of Abcourt Mines.

Shares of Abcourt Mines Inc. (CVE:ABI - Get Free Report) were down 13.3% on Tuesday . The company traded as low as C$0.07 and last traded at C$0.07. Approximately 2,076,515 shares traded hands during trading, an increase of 349% from the average daily volume of 462,684 shares. The stock had previously closed at C$0.08.

Abcourt Mines Price Performance

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 firm has a market cap of C$59.96 million, a price-to-earnings ratio of -4.56 and a beta of 1.57. The business's 50-day moving average price is C$0.05 and its two-hundred day moving average price 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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