Abcourt Mines (CVE:ABI) Shares Down 4.2% – Here’s Why

Abcourt Mines Inc. (CVE:ABIGet Free Report) was down 4.2% during trading on Monday . The company traded as low as C$0.11 and last traded at C$0.12. Approximately 1,948,881 shares were traded during trading, an increase of 76% from the average daily volume of 1,106,157 shares. The stock had previously closed at C$0.12.

Abcourt Mines Stock Down 4.2%

The firm has a fifty day moving average price of C$0.09 and a 200 day moving average price of C$0.07. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of -32.13. The company has a market cap of C$128.18 million, a P/E ratio of -3.83 and a beta of 2.10.

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.

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