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Abcourt Mines (CVE:ABI) Stock Price Up 66.7% - Here's What Happened

Abcourt Mines logo with Basic Materials background

Key Points

  • Abcourt Mines Inc. shares increased by 66.7% during mid-day trading, reaching a price of C$0.08, with trading volume up 1,957% compared to its average daily volume.
  • The company has a market capitalization of approximately C$59.96 million and negative price-to-earnings ratio, indicating challenges in profitability.
  • Abcourt Mines is involved in the acquisition and exploration of gold, silver, and zinc mining properties in Canada and has been operational since 1971.
  • Looking to Export and Analyze Abcourt Mines Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Abcourt Mines Inc. (CVE:ABI - Get Free Report)'s stock price traded up 66.7% during trading on Saturday . 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 Down 6.7%

The stock has a market capitalization of C$55.96 million, a PE ratio of -4.26 and a beta of 1.57. The firm's fifty day moving average is C$0.05 and its 200-day moving average is C$0.05. The company has a quick ratio of 0.44, a current ratio of 0.67 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.

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