Abcourt Mines (CVE:ABI) Stock Price Up 66.7% - Here's What Happened

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 - Get Free Report) shot 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 traded hands during 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 Up 7.1%

The stock has a fifty day moving average of C$0.05 and a 200 day moving average of C$0.05. The company has a market capitalization of C$59.96 million, a P/E 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.

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.