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

Abcourt Mines logo with Basic Materials background

Key Points

  • Abcourt Mines Inc. saw a significant stock increase of 66.7%, trading up from C$0.05 to C$0.08 during mid-day trading.
  • The trading volume surged to 8,814,002 shares, representing a 1,957% increase from its average session volume.
  • The company's market capitalization is approximately C$59.96 million, with a negative price-to-earnings ratio of -4.56.
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Abcourt Mines Inc. (CVE:ABI - Get Free Report) shares traded up 66.7% 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 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 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 50 day simple moving average is C$0.05 and its two-hundred day simple moving average is C$0.05. The stock has a market cap of C$55.96 million, a price-to-earnings 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.

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