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

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.

Abcourt Mines Inc. (CVE:ABI - )'s share price traded up 66.7% during trading on Saturday . The company traded as high as C$0.08 and last traded at C$0.08. 8,814,002 shares traded hands during mid-day 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 current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of -32.13. The business has a fifty day simple moving average of C$0.05 and a 200 day simple moving average of C$0.05. The stock has a market capitalization of C$59.96 million, a P/E ratio of -4.56 and a beta of 1.57.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.