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Abcourt Mines (CVE:ABI) Trading Up 66.7% - Here's Why

Abcourt Mines logo with Basic Materials background

Key Points

  • Abcourt Mines Inc. shares surged by 66.7%, reaching C$0.08 during trading on Saturday, with a significant increase in volume of 8,814,002 shares.
  • The company's market capitalization stands at C$59.96 million and it has a negative P/E ratio of -4.56, indicating potential financial instability.
  • Abcourt Mines specializes in the acquisition and exploration of gold mining properties in Canada, while also investigating silver and zinc deposits.
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Abcourt Mines Inc. (CVE:ABI - Get Free Report) was up 66.7% during mid-day trading on Saturday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 8,814,002 shares were traded during trading, an increase of 1,957% from the average daily volume of 428,392 shares. The stock had previously closed at C$0.05.

Abcourt Mines Trading Down 13.3%

The stock has a market capitalization of C$51.96 million, a PE ratio of -3.95 and a beta of 1.57. 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 business's fifty day moving average is C$0.05 and its 200-day moving average is C$0.05.

About Abcourt Mines

(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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