Abcourt Mines (CVE:ABI) Trading Up 55.6% - What's Next?

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 - ) was up 55.6% during trading on Friday . The company traded as high as C$0.08 and last traded at C$0.07. 7,494,108 shares traded hands during mid-day trading, an increase of 1,688% from the average daily volume of 419,201 shares. The stock had previously closed at C$0.05.

Abcourt Mines Price Performance

The firm has a fifty day moving average price of C$0.05 and a two-hundred day moving average price of C$0.05. 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 capitalization of C$59.96 million, a P/E ratio of -4.56 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.

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