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

Key Points

• Abcourt Mines Inc. (CVE:ABI) shares surged by 66.7%, reaching C$0.08 during mid-day trading, with a remarkable trading volume increase of 1,957% compared to the average.
• The company has a market capitalization of C$59.96 million and operates primarily in the acquisition and exploration of gold mining properties in Canada.
• Financial metrics include a debt-to-equity ratio of -32.13 and a PE ratio of -4.56, indicating potential financial instability despite the stock price increase.

Abcourt Mines Inc. (CVE:ABI - ) shares traded up 66.7% during mid-day trading on Friday . The company traded as high as C$0.08 and last traded at C$0.08. 8,814,002 shares changed hands 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 stock's 50 day moving average price is C$0.05 and its 200-day moving average price 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 capitalization of C$59.96 million, a PE 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.

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