Abcourt Mines (CVE:ABI) Trading Down 7.7% – Here’s Why

Abcourt Mines Inc. (CVE:ABIGet Free Report) shares fell 7.7% during mid-day trading on Thursday . The stock traded as low as C$0.06 and last traded at C$0.06. 5,387,574 shares changed hands during mid-day trading, an increase of 529% from the average session volume of 856,425 shares. The stock had previously closed at C$0.07.

Abcourt Mines Trading Down 7.7%

The business has a 50 day simple moving average of C$0.08 and a 200 day simple moving average of C$0.06. 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 company has a market cap of C$60.85 million, a price-to-earnings ratio of -3.00 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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