Insider Buying: Abcourt Mines Inc. (CVE:ABI) Director Buys 1,000,000 Shares of Stock

Abcourt Mines Inc. (CVE:ABI) Director Francois Joseph Pierre Marie Mestrallet purchased 1,000,000 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The shares were purchased at an average cost of C$0.05 per share, with a total value of C$50,000.00.

Abcourt Mines Stock Performance

ABI stock traded down C$0.01 during trading hours on Thursday, hitting C$0.05. 1,633,000 shares of the stock were exchanged, compared to its average volume of 263,023. Abcourt Mines Inc. has a 12 month low of C$0.04 and a 12 month high of C$0.07. The firm has a market capitalization of C$39.97 million, a P/E ratio of -3.04 and a beta of 1.57. The company has a 50-day simple moving average of C$0.05 and a two-hundred day simple moving average of C$0.05. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of -32.13.

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.