Abcourt Mines (CVE:ABI) Trading 66.7% Higher - Time to Buy?

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.

Shares of Abcourt Mines Inc. (CVE:ABI - Get Free Report) rose 66.7% during trading on Saturday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 8,814,002 shares changed hands during mid-day 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 Performance

The firm's fifty day moving average price is C$0.05 and its 200 day moving average price is C$0.05. The stock has a market capitalization of C$59.96 million, a price-to-earnings ratio of -4.56 and a beta of 1.57. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of -32.13.

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.