Abcourt Mines (CVE:ABI) Shares Up 30.8% – Still a Buy?

Abcourt Mines Inc. (CVE:ABIGet Free Report) shares shot up 30.8% on Friday . The company traded as high as C$0.09 and last traded at C$0.09. 4,419,243 shares were traded during mid-day trading, an increase of 403% from the average session volume of 878,796 shares. The stock had previously closed at C$0.07.

Abcourt Mines Stock Performance

The business’s 50-day simple moving average is C$0.08 and its two-hundred day simple moving average is C$0.06. The firm has a market cap of C$86.20 million, a price-to-earnings ratio of -4.25 and a beta of 1.41. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of -32.13.

About Abcourt Mines

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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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