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Abcourt Mines (CVE:ABI) Shares Up 55.6% - Still a 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.
  • MarketBeat previews the top five stocks to own by October 1st.

Abcourt Mines Inc. (CVE:ABI - Get Free Report)'s stock 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 were traded 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 Stock Down 6.7%

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

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.

See Also

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