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Abcourt Mines (CVE:ABI) Stock Price Down 13.3% - What's Next?

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.
  • Want stock alerts on Abcourt Mines? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

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

Abcourt Mines Trading Up 7.1%

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. The company has a market cap of C$59.96 million, a price-to-earnings ratio of -4.56 and a beta of 1.57. 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

(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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