Abcourt Mines (CVE:ABI) Shares Up 66.7% - Still a 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.

Shares of Abcourt Mines Inc. (CVE:ABI - Get Free Report) shot 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 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 Up 7.1%

The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of -32.13. The stock has a market cap of C$59.96 million, a price-to-earnings ratio of -4.56 and a beta of 1.57. The business's fifty day moving average is C$0.05 and its two-hundred day moving average is C$0.05.

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.