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

Key Points

• Abcourt Mines Inc. shares surged by 66.7% during trading, reaching C$0.08, with a significant increase in trading volume of 1,957% compared to the average.
• The company has a market capitalization of approximately C$59.96 million and a PE ratio of -4.56, indicating it is not currently profitable.
• Abcourt Mines is involved in the acquisition and exploration of gold, silver, and zinc mining properties in Canada, and was incorporated in 1971.

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 were traded 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 has a market cap of C$55.96 million, a PE ratio of -4.26 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. The firm's 50 day simple moving average is C$0.05 and its 200 day simple moving average is C$0.05.

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.