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

Abcourt Mines Inc. (CVE:ABIGet Free Report) traded up 30.8% during trading on Saturday . The company traded as high as C$0.09 and last traded at C$0.09. 4,419,243 shares traded hands 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 Up 30.8%

The business has a 50-day moving average price of C$0.08 and a 200-day moving average price of C$0.06. The company has a market capitalization 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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