Abcourt Mines (CVE:ABI) Trading Down 18.2% – Time to Sell?

by · The Cerbat Gem

Shares of Abcourt Mines Inc. (CVE:ABI – Get Free Report) traded down 18.2% during mid-day trading on Wednesday . The stock traded as low as C$0.05 and last traded at C$0.05. 557,235 shares were traded during trading, an increase of 45% from the average session volume of 383,154 shares. The stock had previously closed at C$0.06.

Abcourt Mines Stock Down 18.2 %

The firm has a 50-day moving average price of C$0.05 and a 200 day moving average price of C$0.05. The company has a debt-to-equity ratio of 24.38, a current ratio of 0.40 and a quick ratio of 0.44. The company has a market cap of C$31.31 million, a price-to-earnings ratio of -0.90 and a beta of 1.57.

Abcourt Mines (CVE:ABI – Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The company reported C($0.01) earnings per share (EPS) for the quarter.

About Abcourt Mines

(Get Free Report)

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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