Abcourt Mines (CVE:ABI) Trading Up 66.7% - Here's Why

Key Points

• Abcourt Mines Inc. (CVE:ABI) saw its stock price increase by 66.7% during mid-day trading, reaching C$0.08, compared to a previous close of C$0.05.
• Trading volume surged to approximately 8.8 million shares, marking a 1,957% increase from the average session volume of 428,392 shares.
• The company has a market cap of C$59.96 million and is involved in the exploration of gold, silver, and zinc mining properties in Canada.

Abcourt Mines Inc. (CVE:ABI - Get Free Report) traded up 66.7% during trading on Friday . The stock traded as high as C$0.08 and last traded at C$0.08. 8,814,002 shares were traded during mid-day trading, an increase of 1,957% from the average session volume of 428,392 shares. The stock had previously closed at C$0.05.

Abcourt Mines Stock Up 66.7%

The firm has a market capitalization of C$59.96 million, a price-to-earnings ratio of -4.56 and a beta of 1.57. The business has a 50 day simple moving average of C$0.05 and a 200-day simple moving average of C$0.05. 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

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.