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

Key Points

• Abcourt Mines Inc. saw a significant stock surge of 66.7%, trading at C$0.08, with a notable increase in trading volume of 1,957% from its average daily volume.
• The company, which focuses on the exploration and exploitation of gold mining properties in Canada, has a market capitalization of approximately C$59.96 million and a P/E ratio of -4.56.
• Abcourt Mines has historically maintained stable moving averages of C$0.05 over the past fifty and two hundred days.

Abcourt Mines Inc. (CVE:ABI - Get Free Report) shot 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 were traded 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's fifty day moving average is C$0.05 and its 200 day moving average is 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 cap of C$59.96 million, a PE 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.