Abcourt Mines (CVE:ABI) Trading 33.3% Higher – Still a Buy?

Abcourt Mines Inc. (CVE:ABI) shares traded up 33.3% during trading on Monday . The company traded as high as C$0.06 and last traded at C$0.06. 2,707,740 shares traded hands during trading, an increase of 717% from the average session volume of 331,439 shares. The stock had previously closed at C$0.05.

Abcourt Mines Stock Down 8.3 %

The business’s fifty day simple moving average is C$0.05 and its 200 day simple moving average is C$0.05. The company has a current ratio of 0.40, a quick ratio of 0.44 and a debt-to-equity ratio of 24.38. The stock has a market cap of C$38.26 million, a price-to-earnings ratio of -1.10 and a beta of 1.57.

Abcourt Mines (CVE:ABI) last released its earnings results on Tuesday, October 22nd. The company reported C($0.01) EPS for the quarter.

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.