Abcourt Mines (CVE:ABI) Trading Up 55.6% - Here's Why

Key Points

• Abcourt Mines Inc. saw its stock price increase by 55.6% on Friday, trading as high as C$0.07, following a significant surge in trading volume.
• The company's market capitalization is approximately C$59.96 million, with a negative price-to-earnings ratio of -4.56.
• Abcourt Mines is involved in the acquisition and exploration of gold, silver, and zinc mining properties in Canada and has been operating since 1971.

Abcourt Mines Inc. (CVE:ABI - )'s stock price traded up 55.6% during trading on Friday . The stock traded as high as C$0.07 and last traded at C$0.07. 6,273,429 shares traded hands during trading, an increase of 1,465% from the average session volume of 400,982 shares. The stock had previously closed at C$0.05.

Abcourt Mines Stock Performance

The company has a market capitalization of C$59.96 million, a price-to-earnings ratio of -4.56 and a beta of 1.57. The stock's 50 day moving average price is C$0.05 and its 200 day moving average price is C$0.05. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of -32.13.

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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