Abcourt Mines (CVE:ABI) Trading Up 6.7% - Still a Buy?

Key Points

• Abcourt Mines Inc.'s stock price increased by 6.7% on a recent trading day, reaching C$0.08, though trading volume dropped significantly by 59% compared to the average daily volume.
• The company has a market capitalization of C$75.88 million, with a P/E ratio of -7.50, suggesting challenges in profitability.
• Abcourt Mines is focused on gold mining and also explores for silver and zinc deposits across Canada, with its operations dating back to 1971.

Abcourt Mines Inc. (CVE:ABI - )'s stock price rose 6.7% during mid-day trading on Wednesday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 316,753 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 771,401 shares. The stock had previously closed at C$0.08.

Abcourt Mines Stock Performance

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 business's 50 day moving average is C$0.08 and its 200-day moving average is C$0.06. The firm has a market cap of C$75.88 million, a P/E ratio of -7.50 and a beta of 1.26.

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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