Abcourt Mines (CVE:ABI) Trading Up 66.7% - Still a Buy?

Key Points

• Abcourt Mines Inc. stock surged by 66.7% to C$0.08 on Friday, with trading volume increasing to approximately 8.8 million shares, a 1,957% rise from the average daily volume.
• The company has a debt-to-equity ratio of -32.13 and a market cap of C$59.96 million, indicating a challenging financial position.
• Abcourt Mines focuses on the acquisition, exploration, and exploitation of gold mining properties in Canada, as well as exploring for silver and zinc deposits.

Abcourt Mines Inc. (CVE:ABI - ) rose 66.7% on Friday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 8,814,002 shares traded hands during trading, an increase of 1,957% from the average daily volume of 428,392 shares. The stock had previously closed at C$0.05.

Abcourt Mines Stock Up 66.7%

The business has a 50-day simple moving average of C$0.05 and a 200-day simple moving average of C$0.05. 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 cap of C$59.96 million, a price-to-earnings 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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