Abcourt Mines (CVE:ABI) Trading Up 7.1% - Should You Buy?

Key Points

• Abcourt Mines Inc. saw its stock price increase by 7.1% during mid-day trading, reaching C$0.08 with over 2 million shares exchanged, a significant rise in trading volume.
• The company has a market capitalization of C$80.93 million and a negative P/E ratio of -8.00, indicating financial challenges.
• Abcourt Mines engages in the acquisition and exploration of gold, silver, and zinc mining properties in Canada, with a history dating back to 1971.

Abcourt Mines Inc. (CVE:ABI - Get Free Report)'s stock price rose 7.1% on Tuesday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 2,004,745 shares were traded during trading, an increase of 253% from the average daily volume of 567,116 shares. The stock had previously closed at C$0.07.

Abcourt Mines Price Performance

The stock has a market capitalization of C$75.88 million, a P/E ratio of -7.50 and a beta of 1.06. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of -32.13. The company has a fifty day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.05.

About Abcourt Mines

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.