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Abcourt Mines (CVE:ABI) Shares Up 55.6% - Time to Buy?

Abcourt Mines logo with Basic Materials background

Key Points

  • Abcourt Mines Inc. saw its stock price surge by 55.6%, closing at C$0.07 after trading as high as that amount.
  • The trading volume increased significantly, with 6,273,429 shares exchanged, a rise of 1,427% compared to its average volume.
  • The company specializes in the exploration and exploitation of gold mining properties in Canada and has a market capitalization of C$63.95 million.
  • Need better tools to track Abcourt Mines? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Abcourt Mines Inc. (CVE:ABI - Get Free Report)'s share price rose 55.6% on Friday . The stock traded as high as C$0.07 and last traded at C$0.07. Approximately 6,273,429 shares changed hands during mid-day trading, an increase of 1,427% from the average daily volume of 410,753 shares. The stock had previously closed at C$0.05.

Abcourt Mines Trading Down 13.3%

The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of -32.13. The company has a market cap of C$51.96 million, a P/E ratio of -3.95 and a beta of 1.57. The firm's 50 day moving average is C$0.05 and its two-hundred day moving average is C$0.05.

Abcourt Mines Company Profile

(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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