Abcourt Mines (CVE:ABI) Trading Up 66.7% - Here's What Happened

Key Points

• Abcourt Mines Inc. shares surged 66.7% on Saturday, reaching a price of C$0.08, with trading volume dramatically increasing by 1,957% compared to the average.
• The company, which focuses on the acquisition and exploration of gold, silver, and zinc mining properties in Canada, has a market capitalization of C$59.96 million.
• Abcourt Mines has a notably low debt-to-equity ratio of -32.13, indicating a strong equity position, but has a negative P/E ratio of -4.56.

Shares of Abcourt Mines Inc. (CVE:ABI - Get Free Report) were up 66.7% during mid-day trading on Saturday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 8,814,002 shares were traded 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 Trading Up 7.1%

The company has a market capitalization of C$59.96 million, a price-to-earnings ratio of -4.56 and a beta of 1.57. The firm has a 50-day moving average price of C$0.05 and a 200-day moving average price of C$0.05. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of -32.13.

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.