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

Abcourt Mines logo with Basic Materials background

Key Points

  • Abcourt Mines Inc. shares surged by 66.7% on Saturday, rising to C$0.08, with a trading volume increase of 1,957% compared to the average daily volume.
  • The company has a market capitalization of C$59.96 million and a price-to-earnings (P/E) ratio of -4.56, indicating financial challenges despite the recent stock price increase.
  • Founded in 1971, Abcourt Mines engages in the acquisition and exploration of gold, silver, and zinc mining properties in Canada.
  • MarketBeat previews the top five stocks to own by October 1st.

Abcourt Mines Inc. (CVE:ABI - Get Free Report)'s share price shot up 66.7% on Saturday . The company 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 Performance

The stock has a market capitalization of C$59.96 million, a P/E ratio of -4.56 and a beta of 1.57. The business's fifty day moving average price is C$0.05 and its two-hundred day moving average price is 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.

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.

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