Abcourt Mines (CVE:ABI) Stock Price Up 7.1% - What's Next?

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 - )'s share price rose 7.1% during mid-day trading on Tuesday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 2,004,745 shares traded hands 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 Stock Up 14.3%

The stock has a 50 day moving average price of C$0.06 and a 200 day moving average price of 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. The company has a market capitalization of C$80.93 million, a P/E ratio of -8.00 and a beta of 1.06.

Abcourt Mines Company Profile

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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