Abcourt Mines (CVE:ABI) Shares Down 13% – Here’s Why

Abcourt Mines Inc. (CVE:ABIGet Free Report) shares were down 13% on Tuesday . The company traded as low as C$0.10 and last traded at C$0.10. Approximately 2,200,798 shares traded hands during mid-day trading, an increase of 27% from the average daily volume of 1,730,414 shares. The stock had previously closed at C$0.12.

Abcourt Mines Stock Performance

The firm has a fifty day moving average of C$0.11 and a 200-day moving average of C$0.09. The company has a quick ratio of 0.44, a current ratio of 2.05 and a debt-to-equity ratio of 668.44. The stock has a market capitalization of C$125.10 million, a price-to-earnings ratio of -3.50 and a beta of 1.91.

About Abcourt Mines

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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.

Further Reading

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