Abcourt Mines (CVE:ABI) Trading Up 77.8% - Should You Buy?

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.

Abcourt Mines Inc. (CVE:ABI - )'s stock price was 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. Approximately 8,341,002 shares changed hands during trading, an increase of 1,862% from the average daily volume of 425,060 shares. The stock had previously closed at C$0.05.

Abcourt Mines Price Performance

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

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.

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