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

Shares of Abcourt Mines Inc. (CVE:ABIGet Free Report) fell 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 changed hands 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 Performance

The firm has a market cap of C$31.31 million, a PE ratio of -0.90 and a beta of 1.57. The stock 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.

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

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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