Abcourt Mines (CVE:ABI) Shares Up 14.3% - Here's What Happened

Key Points

• Abcourt Mines Inc. saw its stock price rise by 14.3%, reaching C$0.08, with trading volume significantly higher at 2,095,745 shares.
• The company has a market capitalization of C$80.93 million and low liquidity indicators, with a current ratio of 0.67 and a quick ratio of 0.44.
• Abcourt Mines focuses on the acquisition, exploration, and exploitation of gold mining properties, and it also explores silver and zinc deposits in Canada.

Shares of Abcourt Mines Inc. (CVE:ABI - Get Free Report) were up 14.3% during trading on Tuesday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 2,095,745 shares traded hands during trading, an increase of 269% from the average daily volume of 567,926 shares. The stock had previously closed at C$0.07.

Abcourt Mines Stock Down 6.3%

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's 50-day moving average price is C$0.06 and its 200 day moving average price is C$0.05. The firm has a market cap of C$75.88 million, a P/E ratio of -7.50 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.