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

Abcourt Mines logo with Basic Materials background

Key Points

  • Abcourt Mines Inc. shares surged by 66.7% to C$0.08 during Saturday's trading, marking a significant increase from its previous close of C$0.05.
  • Trading volume reached 8,814,002 shares, an impressive 1,957% increase compared to the average volume of 428,392 shares.
  • The company's current debt-to-equity ratio stands at -32.13, indicating a strong financial position despite having a current ratio of 0.67.
  • Five stocks to consider instead of Abcourt Mines.

Abcourt Mines Inc. (CVE:ABI - Get Free Report)'s stock price shot up 66.7% during trading on Saturday . The stock traded as high as C$0.08 and last traded at C$0.08. 8,814,002 shares changed hands during trading, an increase of 1,957% from the average session volume of 428,392 shares. The stock had previously closed at C$0.05.

Abcourt Mines Price Performance

The company has a debt-to-equity ratio of -32.13, a quick ratio of 0.44 and a current ratio of 0.67. The company has a market capitalization of C$55.96 million, a PE ratio of -4.26 and a beta of 1.57. The company's 50-day simple moving average is C$0.05 and its 200-day simple moving average is C$0.05.

About Abcourt Mines

(Get Free Report)

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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