Abcourt Mines (CVE:ABI) Trading 30.8% Higher – Here’s Why

Abcourt Mines Inc. (CVE:ABI)’s share price was up 30.8% during mid-day trading on Saturday . The stock traded as high as C$0.09 and last traded at C$0.09. Approximately 4,419,243 shares traded 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 Price Performance

The company has a fifty day simple moving average of C$0.08 and a 200-day simple moving average of C$0.06. The company has a market cap of C$86.20 million, a P/E 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

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.