Abcourt Mines (CVE:ABI) Trading Down 7.7% – Time to Sell?

Abcourt Mines Inc. (CVE:ABIGet Free Report) was down 7.7% during trading on Wednesday . The company traded as low as C$0.06 and last traded at C$0.06. Approximately 3,289,937 shares changed hands during mid-day trading, an increase of 289% from the average daily volume of 845,200 shares. The stock had previously closed at C$0.07.

Abcourt Mines Trading Down 7.7%

The company has a market cap of C$60.85 million, a PE ratio of -3.00 and a beta of 1.41. The company’s 50 day simple moving average is C$0.08 and its two-hundred day simple moving average is C$0.06. The company has a debt-to-equity ratio of -32.13, a current ratio of 0.67 and a quick ratio of 0.44.

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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