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Abcourt Mines (CVE:ABI) Shares Down 6.7% - Here's What Happened

Abcourt Mines logo with Basic Materials background

Key Points

  • Abcourt Mines Inc. shares fell by 6.7% on Tuesday, reaching a low of C$0.07 after closing at C$0.08.
  • The company has a debt-to-equity ratio of -32.13, indicating significant financial leverage, and a current ratio of 0.67, suggesting potential liquidity issues.
  • Abcourt Mines engages in the exploration and exploitation of gold, silver, and zinc properties in Canada, with its headquarters located in Rouyn-Noranda.
  • 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 stock price fell 6.7% on Tuesday . The company traded as low as C$0.07 and last traded at C$0.07. 1,389,535 shares changed hands during mid-day trading, an increase of 208% from the average session volume of 451,853 shares. The stock had previously closed at C$0.08.

Abcourt Mines Stock Performance

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

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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