Abcourt Mines (CVE:ABI) Share Price Crosses Below Fifty Day Moving Average – What’s Next?

Abcourt Mines Inc. (CVE:ABI) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.10 and traded as low as C$0.10. Abcourt Mines shares last traded at C$0.10, with a volume of 240,082 shares changing hands.

Abcourt Mines Stock Up 5.6%

The company has a market cap of C$113.02 million, a P/E ratio of -4.75 and a beta of 1.99. The stock’s 50-day moving average price is C$0.10 and its 200-day moving average price is C$0.09. The company has a current ratio of 2.05, a quick ratio of 0.44 and a debt-to-equity ratio of 668.44.

About Abcourt Mines

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.