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Abcourt Mines (CVE:ABI) Shares Up 66.7% - Time to Buy?

Abcourt Mines logo with Basic Materials background

Key Points

  • Abcourt Mines Inc. shares surged by 66.7% to C$0.08, with trading volumes increasing by 1,957% compared to the average daily volume.
  • The company's current market capitalization stands at C$59.96 million, alongside a price-to-earnings ratio of -4.56.
  • Abcourt Mines specializes in the acquisition and exploration of gold mining properties in Canada, and also explores silver and zinc deposits.
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Abcourt Mines Inc. (CVE:ABI - Get Free Report)'s stock price shot up 66.7% during mid-day 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 business's 50 day simple moving average is C$0.05 and its 200-day simple moving average is C$0.05. 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. The company has a debt-to-equity ratio of -32.13, a quick ratio of 0.44 and a current ratio of 0.67.

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.

See Also

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