Abcourt Mines (CVE:ABI) Trading 55.6% Higher - What's Next?

Key Points

• Abcourt Mines Inc. stock surged 55.6% on Friday, reaching a trading price of C$0.07 after closing at C$0.05.
• The trading volume also increased significantly, with over 6.2 million shares exchanged, a 1,465% rise from the average volume.
• Abcourt Mines focuses on the acquisition and exploration of gold mining properties in Canada, along with silver and zinc deposits.

Abcourt Mines Inc. (CVE:ABI - ) traded up 55.6% on Friday . The company traded as high as C$0.07 and last traded at C$0.07. 6,273,429 shares traded hands during mid-day trading, an increase of 1,465% from the average session volume of 400,982 shares. The stock had previously closed at C$0.05.

Abcourt Mines Price Performance

The company has a fifty day moving average of C$0.05 and a 200-day moving average of C$0.05. 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 stock has a market cap of C$59.96 million, a PE 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.

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