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Abcourt Mines (CVE:ABI) Trading Down 6.7% - Here's Why

Abcourt Mines logo with Basic Materials background

Key Points

  • Abcourt Mines Inc. (CVE:ABI) experienced a significant drop of 6.7% in stock price during mid-day trading, closing at C$0.07.
  • The stock's trading volume increased by 21% compared to the average daily volume, indicating heightened activity despite the price decline.
  • Abcourt Mines has a market cap of C$55.96 million and a negative PE ratio of -4.26, suggesting ongoing financial struggles.
  • Interested in Abcourt Mines? Here are five stocks we like better.

Abcourt Mines Inc. (CVE:ABI - Get Free Report)'s stock price was down 6.7% on Friday . The stock traded as low as C$0.07 and last traded at C$0.07. 583,134 shares traded hands during mid-day trading, an increase of 21% from the average daily volume of 482,574 shares. The stock had previously closed at C$0.08.

Abcourt Mines Stock Up 6.7%

The company's fifty day moving average is C$0.05 and its 200-day moving average is C$0.05. The company has a market capitalization of C$63.95 million, a PE ratio of -4.86 and a beta of 1.57. The company has a debt-to-equity ratio of -32.13, a quick ratio of 0.44 and a current ratio of 0.67.

Abcourt Mines Company Profile

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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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