Abcourt Mines (CVE:ABI) Stock Price Up 55.6% - Still a Buy?

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 - Get Free Report) shares rose 55.6% during mid-day trading on Friday . The stock traded as high as C$0.07 and last traded at C$0.07. Approximately 6,273,429 shares were traded during trading, an increase of 1,465% from the average daily volume of 400,982 shares. The stock had previously closed at C$0.05.

Abcourt Mines Price Performance

The firm has a market cap of C$55.96 million, a price-to-earnings ratio of -4.26 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 company's 50-day moving average price is C$0.05 and its 200-day moving average price 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.