Abcourt Mines (CVE:ABI) Stock Price Up 30.8% – Here’s Why

Abcourt Mines Inc. (CVE:ABIGet Free Report)’s stock price shot up 30.8% during mid-day 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 Price Performance

The company’s 50 day simple moving average is C$0.08 and its 200 day simple moving average is C$0.06. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of -32.13. The stock has a market capitalization of C$86.20 million, a PE ratio of -4.25 and a beta of 1.41.

Abcourt Mines Company Profile

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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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