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

Abcourt Mines logo with Basic Materials background

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.
  • Need better tools to track Abcourt Mines? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Abcourt Mines Inc. (CVE:ABI - Get Free Report)'s share price rose 66.7% during trading on Saturday . The company 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 Up 66.7%

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

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.

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