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Abcourt Mines (CVE:ABI) Shares Up 77.8% - Still a Buy?

Abcourt Mines logo with Basic Materials background

Key Points

  • Abcourt Mines Inc. saw a significant stock increase of 77.8%, trading at C$0.08 with over 8 million shares exchanged, a dramatic rise in trading volume.
  • The company has a market capitalization of C$59.96 million and a P/E ratio of -4.56, indicating potential volatility in its market performance.
  • Abcourt Mines engages in the exploration and exploitation of gold properties in Canada, with additional pursuits in silver and zinc.
  • Interested in Abcourt Mines? Here are five stocks we like better.

Abcourt Mines Inc. (CVE:ABI - Get Free Report) shares shot up 77.8% during mid-day trading on Friday . The company traded as high as C$0.08 and last traded at C$0.08. 8,341,002 shares traded hands during trading, an increase of 1,862% from the average session volume of 425,060 shares. The stock had previously closed at C$0.05.

Abcourt Mines Trading Down 6.7%

The business'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 debt-to-equity ratio of -32.13, a current ratio of 0.67 and a quick ratio of 0.44. The firm has a market capitalization of C$55.96 million, a PE ratio of -4.26 and a beta of 1.57.

Abcourt Mines Company Profile

(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.

Further Reading

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