Abcourt Mines (CVE:ABI) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Abcourt Mines Inc. (CVE:ABI – Get Free Report) shares crossed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of C$0.08 and traded as low as C$0.07. Abcourt Mines shares last traded at C$0.07, with a volume of 395,161 shares trading hands.

Abcourt Mines Stock Down 7.1%

The firm has a fifty day moving average price of C$0.08 and a 200-day moving average price of C$0.08. The company has a quick ratio of 0.44, a current ratio of 3.08 and a debt-to-equity ratio of -1,554.82. The firm has a market cap of C$77.33 million, a price-to-earnings ratio of -2.17 and a beta of 2.18.

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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