Abcourt Mines (CVE:ABI) Trading Up 66.7% - Time to Buy?

Key Points

• Abcourt Mines Inc.'s stock surged 66.7% to C$0.08, with trading volume increasing by 1,957% compared to the average session.
• The company has a market capitalization of C$59.96 million and significant negative indicators, such as a PE ratio of -4.56 and a debt-to-equity ratio of -32.13.
• Founded in 1971, Abcourt Mines specializes in the acquisition and exploration of gold, silver, and zinc mining properties in Canada.

Shares of Abcourt Mines Inc. (CVE:ABI - Get Free Report) traded up 66.7% during mid-day trading on Saturday . The company traded as high as C$0.08 and last traded at C$0.08. 8,814,002 shares traded hands during mid-day trading, an increase of 1,957% from the average session volume of 428,392 shares. The stock had previously closed at C$0.05.

Abcourt Mines Trading Down 6.7%

The stock has a market capitalization of C$55.96 million, a PE ratio of -4.26 and a beta of 1.57. 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 50 day moving average price of C$0.05 and a 200-day moving average price of C$0.05.

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.