Abcourt Mines (CVE:ABI) Trading 30.8% Higher – Still a Buy?

Abcourt Mines Inc. (CVE:ABIGet Free Report)’s stock price rose 30.8% on Friday . The stock traded as high as C$0.09 and last traded at C$0.09. Approximately 4,419,243 shares traded hands during trading, an increase of 403% from the average daily volume of 878,796 shares. The stock had previously closed at C$0.07.

Abcourt Mines Trading Up 30.8%

The company 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 debt-to-equity ratio of -32.13, a current ratio of 0.67 and a quick ratio of 0.44. The business’s 50-day simple moving average is C$0.08 and its 200-day simple moving average is C$0.06.

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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