Abcourt Mines (CVE:ABI) Shares Up 66.7% – Should You Buy?

Abcourt Mines Inc. (CVE:ABIGet Free Report) shot up 66.7% during mid-day trading on Saturday . The company traded as high as C$0.08 and last traded at C$0.08. 8,814,002 shares were traded during mid-day trading, an increase of 1,957% from the average session volume of 428,392 shares. The stock had previously closed at C$0.05.

Abcourt Mines Trading Up 66.7%

The stock’s 50 day moving average price is C$0.05 and its 200-day moving average price is C$0.05. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of -32.13. The stock has a market capitalization of C$59.96 million, a PE ratio of -4.56 and a beta of 1.57.

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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