Abcourt Mines (CVE:ABI) Stock Price Up 77.8% - Should You Buy?

Key Points

• Abcourt Mines Inc. shares surged by 77.8%, reaching a price of C$0.08 on significant trading volume of over 8.3 million shares.
• The company has negative earnings, with a price-to-earnings ratio of -4.56, and appears to be operating with a high debt-to-equity ratio of -32.13.
• Abcourt Mines focuses on the exploration and exploitation of gold, silver, and zinc mining properties in Canada.

Abcourt Mines Inc. (CVE:ABI - ) shares shot up 77.8% on Friday . The stock traded as high as C$0.08 and last traded at C$0.08. 8,341,002 shares traded hands during trading, an increase of 1,862% from the average session volume of 425,060 shares. The stock had previously closed at C$0.05.

Abcourt Mines Stock Up 66.7%

The firm's 50 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 current ratio of 0.67 and a quick ratio of 0.44. The firm has a market cap of C$59.96 million, a price-to-earnings ratio of -4.56 and a beta of 1.57.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.