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Abcourt Mines (CVE:ABI) Shares Up 66.7% - What's Next?

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.
  • Five stocks we like better than Abcourt Mines.

Abcourt Mines Inc. (CVE:ABI - Get Free Report)'s share price shot 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 were traded 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 stock has a market cap of C$55.96 million, a PE ratio of -4.26 and a beta of 1.57. The business's 50-day moving average price is C$0.05 and its 200-day moving average price is C$0.05.

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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