Abcourt Mines (CVE:ABI) Shares Pass Below 200-Day Moving Average – Time to Sell?

Abcourt Mines Inc. (CVE:ABIGet Free Report) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.09 and traded as low as C$0.07. Abcourt Mines shares last traded at C$0.07, with a volume of 231,826 shares.

Abcourt Mines Trading Up 7.1%

The company has a debt-to-equity ratio of -1,554.82, a current ratio of 3.08 and a quick ratio of 0.44. The business’s 50-day simple moving average is C$0.07 and its two-hundred day simple moving average is C$0.09. The stock has a market capitalization of C$89.50 million, a price-to-earnings ratio of -2.50 and a beta of 2.23.

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.

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