Abcourt Mines (CVE:ABI) Stock Price Up 55.6% - Here's What Happened

Key Points

• Abcourt Mines Inc. experienced a significant increase of 55.6% in its stock price during trading, rising from a previous close of C$0.05 to as high as C$0.08.
• The trading volume surged to 7,494,108 shares, marking an increase of 1,688% compared to its average daily volume.
• Abcourt Mines focuses on the exploration and acquisition of gold mining properties in Canada, and is headquartered in Rouyn-Noranda.

Abcourt Mines Inc. (CVE:ABI - Get Free Report) shares traded up 55.6% on Friday . The stock traded as high as C$0.08 and last traded at C$0.07. 7,494,108 shares traded hands during trading, an increase of 1,688% from the average session volume of 419,201 shares. The stock had previously closed at C$0.05.

Abcourt Mines Stock Down 6.7%

The company has a debt-to-equity ratio of -32.13, a current ratio of 0.67 and a quick ratio of 0.44. The firm's 50-day simple moving average is C$0.05 and its two-hundred day simple moving average is C$0.05. The company has a market capitalization of C$55.96 million, a price-to-earnings ratio of -4.26 and a beta of 1.57.

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.