Abcourt Mines (CVE:ABI) Trading Up 30.8% – Should You Buy?

Abcourt Mines Inc. (CVE:ABIGet Free Report)’s stock price was up 30.8% during trading on Friday . The company traded as high as C$0.09 and last traded at C$0.09. Approximately 4,419,243 shares changed hands during mid-day 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 Stock Performance

The stock’s 50-day moving average is C$0.08 and its 200 day moving average is C$0.06. The stock 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.

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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