Abcourt Mines (CVE:ABI) Stock Price Down 6.3% - Time to Sell?

Key Points

• Abcourt Mines Inc. shares fell by 6.3%, trading at C$0.08, with a significant increase in trading volume to 2,407,985 shares.
• The company's market capitalization is C$59.96 million with a price-to-earnings ratio of -4.56 and a high debt-to-equity ratio of -32.13.
• Abcourt Mines is involved in the acquisition and exploration of gold, silver, and zinc mining properties in Canada, having been incorporated in 1971.

Abcourt Mines Inc. (CVE:ABI - ) shares were down 6.3% during trading on Thursday . The stock traded as low as C$0.07 and last traded at C$0.08. Approximately 2,407,985 shares changed hands during trading, an increase of 364% from the average daily volume of 519,196 shares. The stock had previously closed at C$0.08.

Abcourt Mines Trading Down 6.3%

The firm has a market capitalization of C$59.96 million, a price-to-earnings ratio of -4.56 and a beta of 1.57. 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's 50-day simple moving average is C$0.06 and its 200 day simple moving average is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.