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

Key Points

• Abcourt Mines Inc. (CVE:ABI) saw its stock price surge by 66.7% during mid-day trading, closing at C$0.08 after trading as high as C$0.08.
• Trading volume reached 8,814,002 shares, an increase of 1,971% compared to the average daily volume of 425,601 shares.
• The company focuses on the acquisition, exploration, and exploitation of gold mining properties in Canada, and was incorporated in 1971.

Abcourt Mines Inc. (CVE:ABI - )'s stock price was up 66.7% during mid-day trading on Friday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 8,814,002 shares changed hands during mid-day trading, an increase of 1,971% from the average daily volume of 425,601 shares. The stock had previously closed at C$0.05.

Abcourt Mines Price Performance

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

Abcourt Mines Company Profile

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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