Abcourt Mines (CVE:ABI) Trading 66.7% Higher - Here's Why

Key Points

• Abcourt Mines Inc. saw a significant stock price increase of 66.7%, reaching C$0.08, with trading volume up by 1,957% compared to the average.
• The company, with a market capitalization of C$59.96 million, has a PE ratio of -4.56 and a notably low debt-to-equity ratio of -32.13.
• Abcourt Mines focuses on acquiring and exploring gold mining properties in Canada, with additional interests in silver and zinc deposits.

Abcourt Mines Inc. (CVE:ABI - )'s stock price traded up 66.7% on Saturday . The stock traded as high as C$0.08 and last traded at C$0.08. 8,814,002 shares changed 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 Stock Up 66.7%

The business's 50 day moving average price is C$0.05 and its 200-day moving average price is C$0.05. The firm has a market capitalization of C$59.96 million, a PE ratio of -4.56 and a beta of 1.57. The company has a debt-to-equity ratio of -32.13, a quick ratio of 0.44 and a current ratio of 0.67.

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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