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Abcourt Mines (CVE:ABI) Stock Price Up 77.8% - What's Next?

Abcourt Mines logo with Basic Materials background

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.
  • MarketBeat previews the top five stocks to own by October 1st.

Abcourt Mines Inc. (CVE:ABI - Get Free Report) shares rose 77.8% during trading on Friday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 8,341,002 shares were traded during mid-day trading, an increase of 1,862% from the average daily volume of 425,060 shares. The stock had previously closed at C$0.05.

Abcourt Mines Stock Down 6.7%

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 cap of C$55.96 million, a PE ratio of -4.26 and a beta of 1.57. The firm has a fifty day simple moving average of C$0.05 and a 200 day simple moving average of C$0.05.

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.

Further Reading

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