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Abcourt Mines (CVE:ABI) Trading 66.7% Higher - What's Next?

Abcourt Mines logo with Basic Materials background

Key Points

  • Abcourt Mines Inc. saw its stock price rise by 66.7%, reaching C$0.08 during mid-day trading, significantly increasing trading volume to approximately 8.8 million shares.
  • The company's current ratio is 0.67 and it has a market capitalization of C$59.96 million, reflecting a price-to-earnings ratio of -4.56.
  • Abcourt Mines focuses on the acquisition and exploration of gold, silver, and zinc mining properties in Canada, and has been active since its incorporation in 1971.
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Shares of Abcourt Mines Inc. (CVE:ABI - Get Free Report) rose 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 were traded 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 Price Performance

The business has a 50 day moving average price of C$0.05 and a two-hundred day moving average price of C$0.05. The stock has a market cap of C$55.96 million, a PE ratio of -4.26 and a beta of 1.57. The company has a debt-to-equity ratio of -32.13, a quick ratio of 0.44 and a current ratio of 0.67.

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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