Abcourt Mines (CVE:ABI) Stock Price Down 6.7% - Should You Sell?

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.

Abcourt Mines Inc. (CVE:ABI - ) dropped 6.7% during mid-day trading on Friday . The stock traded as low as C$0.07 and last traded at C$0.07. Approximately 583,134 shares were traded during 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 Performance

The company has a debt-to-equity ratio of -32.13, a quick ratio of 0.44 and a current ratio of 0.67. The company has a market cap of C$55.96 million, a PE ratio of -4.26 and a beta of 1.57. The firm's 50 day moving average is C$0.05 and its 200-day 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.

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