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

Key Points

• Abcourt Mines Inc. (CVE:ABI) shares surged by 66.7%, reaching C$0.08, with a trading volume increase of 1,957% compared to the average session.
• The company has a market capitalization of C$59.96 million but holds a negative PE ratio of -4.56 and a debt-to-equity ratio of -32.13.
• Abcourt Mines, headquartered in Rouyn-Noranda, Canada, specializes in the acquisition and exploration of gold, silver, and zinc mining properties.

Abcourt Mines Inc. (CVE:ABI - ) shares 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 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 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 capitalization of C$59.96 million, a PE ratio of -4.56 and a beta of 1.57. The stock's fifty day simple moving average is C$0.05 and its 200-day simple moving average is C$0.05.

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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