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Abcourt Mines (CVE:ABI) Trading Up 66.7% - Should You Buy?

Abcourt Mines logo with Basic Materials background

Key Points

  • Abcourt Mines Inc. (CVE:ABI) shares surged by 66.7% on Saturday, reaching a trading price of C$0.08, significantly higher than its previous close of C$0.05.
  • During mid-day trading, approximately 8.8 million shares exchanged hands, an increase of 1,957% compared to the average daily trading volume.
  • The company specializes in the exploration and exploitation of gold mining properties in Canada and has a market capitalization of C$59.96 million.
  • Interested in Abcourt Mines? Here are five stocks we like better.

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

Abcourt Mines Price Performance

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 stock has a market cap of C$59.96 million, a PE ratio of -4.56 and a beta of 1.57. The company has a fifty day moving average of C$0.05 and a 200-day moving average of C$0.05.

About Abcourt Mines

(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.

Further Reading

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