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

Abcourt Mines logo with Basic Materials background

Key Points

  • Abcourt Mines Inc. shares surged 66.7% on Saturday, climbing to C$0.08 from a previous close of C$0.05.
  • Trading volume increased dramatically to approximately 8.8 million shares, a rise of 1,957% compared to its average daily volume.
  • The company's market capitalization stands at C$59.96 million, with a P/E ratio of -4.56 and a debt-to-equity ratio of -32.13.
  • 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 shot up 66.7% during trading on Saturday . The company traded as high as C$0.08 and last traded at C$0.08. 8,814,002 shares changed hands 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 Performance

The company has a market cap of C$55.96 million, a P/E ratio of -4.26 and a beta of 1.57. 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 stock's 50-day moving average price is C$0.05 and its 200 day moving average price 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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