Abcourt Mines (CVE:ABI) Trading Down 18.2% – Here’s Why

by · The Markets Daily

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

Abcourt Mines Stock Performance

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

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

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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