Abcourt Mines (CVE:ABI) Shares Cross Above Fifty Day Moving Average – Here’s Why

Shares of Abcourt Mines Inc. (CVE:ABIGet Free Report) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.11 and traded as high as C$0.12. Abcourt Mines shares last traded at C$0.12, with a volume of 7,620,917 shares trading hands.

Abcourt Mines Price Performance

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 firm has a market capitalization of C$137.02 million, a PE ratio of -3.83 and a beta of 1.91. The company has a 50-day moving average price of C$0.11 and a 200-day moving average price of C$0.09.

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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