Abcourt Mines (CVE:ABI) Trading Down 7.7% – Here’s What Happened

Shares of Abcourt Mines Inc. (CVE:ABIGet Free Report) dropped 7.7% during mid-day trading on Thursday . The company traded as low as C$0.06 and last traded at C$0.06. Approximately 5,387,574 shares were traded during trading, an increase of 529% from the average daily volume of 856,425 shares. The stock had previously closed at C$0.07.

Abcourt Mines Price Performance

The firm has a market cap of C$60.85 million, a PE ratio of -3.00 and a beta of 1.41. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of -32.13. The company has a 50 day moving average price of C$0.08 and a 200 day moving average price of C$0.06.

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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