Abcourt Mines (CVE:ABI) Stock Price Up 11.8% – Still a Buy?

Abcourt Mines Inc. (CVE:ABIGet Free Report) shot up 11.8% during mid-day trading on Wednesday . The stock traded as high as C$0.10 and last traded at C$0.10. 1,071,321 shares traded hands during trading, a decline of 29% from the average session volume of 1,519,531 shares. The stock had previously closed at C$0.09.

Abcourt Mines Stock Up 11.8%

The stock has a market cap of C$113.19 million, a price-to-earnings ratio of -3.17 and a beta of 1.91. The company has a debt-to-equity ratio of -32.13, a quick ratio of 0.44 and a current ratio of 0.67. The firm’s 50-day simple moving average is C$0.11 and its two-hundred day simple moving average is C$0.09.

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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