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

Abcourt Mines logo with Basic Materials background

Key Points

  • Abcourt Mines Inc. experienced a significant stock surge of 66.7%, trading at C$0.08 after closing at C$0.05 previously.
  • The trading volume drastically increased to 8.8 million shares, reflecting a 1,957% rise compared to the average session volume.
  • The company, which focuses on gold mining properties in Canada, has a current market capitalization of approximately C$59.96 million and a negative price-to-earnings ratio of -4.56.
  • Want stock alerts on Abcourt Mines? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Shares of Abcourt Mines Inc. (CVE:ABI - Get Free Report) 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 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 Stock Performance

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 firm has a 50-day simple moving average of C$0.05 and a two-hundred day simple moving average of C$0.05. The company has a market capitalization of C$59.96 million, a price-to-earnings ratio of -4.56 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.

Further Reading

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