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Abcourt Mines (CVE:ABI) Trading 55.6% Higher - Time to Buy?

Abcourt Mines logo with Basic Materials background

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

Abcourt Mines Inc. (CVE:ABI - Get Free Report) shares traded up 55.6% during mid-day trading 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 debt-to-equity ratio of -32.13, a current ratio of 0.67 and a quick ratio of 0.44. The stock's fifty day moving average is C$0.05 and its 200-day moving average is C$0.05. The stock has a market cap of C$55.96 million, a PE ratio of -4.26 and a beta of 1.57.

Abcourt Mines Company Profile

(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.

See Also

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