Abcourt Mines (CVE:ABI) Stock Price Down 9.5% - Here's What Happened

Key Points

• Abcourt Mines Inc. (CVE:ABI) saw its share price decline by 9.5%, trading at C$0.10, following a significant increase in trading volume.
• The company has a market cap of C$96.11 million and notable financial ratios, including a debt-to-equity ratio of -32.13 and a P/E ratio of -9.50.
• Abcourt Mines is focused on the acquisition and exploration of gold mining properties in Canada, including exploration for silver and zinc deposits.

Abcourt Mines Inc. (CVE:ABI - )'s share price traded down 9.5% on Thursday . The company traded as low as C$0.10 and last traded at C$0.10. 2,167,964 shares traded hands during trading, an increase of 216% from the average session volume of 687,095 shares. The stock had previously closed at C$0.11.

Abcourt Mines Stock Down 9.5%

The stock's fifty day moving average is C$0.07 and its two-hundred day moving average is C$0.06. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of -32.13. The firm has a market cap of C$96.11 million, a P/E ratio of -9.50 and a beta of 1.06.

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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