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

Abcourt Mines logo with Basic Materials background

Key Points

  • Shares of Abcourt Mines Inc. (CVE:ABI) surged by 66.7% on Saturday, reaching a last trading price of C$0.08 amidst a significant increase in trading volume.
  • The company's market capitalization is approximately C$59.96 million, and it has a negative PE ratio of -4.56 and a high debt-to-equity ratio of -32.13.
  • Abcourt Mines is focused on the acquisition, exploration, and exploitation of gold mining properties in Canada, with additional interests in silver and zinc.
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Abcourt Mines Inc. (CVE:ABI - Get Free Report)'s stock price was up 66.7% during mid-day trading on Saturday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 8,814,002 shares traded hands during 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 Stock Performance

The company has a market capitalization of C$59.96 million, a price-to-earnings ratio of -4.56 and a beta of 1.57. The stock has a 50-day moving average price of C$0.05 and a 200-day moving average price of C$0.05. The company has a debt-to-equity ratio of -32.13, a current ratio of 0.67 and a quick ratio of 0.44.

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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