Abcourt Mines (CVE:ABI) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

Abcourt Mines Inc. (CVE:ABIGet Free Report)’s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.05 and traded as high as C$0.06. Abcourt Mines shares last traded at C$0.05, with a volume of 2,660,283 shares changing hands.

Abcourt Mines Price Performance

The firm has a market cap of C$39.97 million, a P/E ratio of -3.04 and a beta of 1.57. The company has a fifty day moving average of C$0.05 and a 200-day moving average of C$0.05. The company has a debt-to-equity ratio of -32.13, a current ratio of 0.67 and a quick ratio of 0.44.

Insider Transactions at Abcourt Mines

In other Abcourt Mines news, Director Francois Joseph Pierre Marie Mestrallet bought 1,000,000 shares of the business’s stock in a transaction dated Thursday, March 20th. The shares were purchased at an average price of C$0.05 per share, for a total transaction of C$50,000.00. Company insiders own 46.44% of the company’s stock.

Abcourt Mines Company Profile

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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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