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

Abcourt Mines Inc. (CVE:ABIGet Free Report) shares dropped 18.2% during mid-day trading on Tuesday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 557,235 shares traded 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 price of C$0.05 and a 200 day moving average price of C$0.05. The stock has a market cap of C$31.31 million, a PE ratio of -0.90 and a beta of 1.57.

Abcourt Mines (CVE:ABIGet Free Report) last announced its quarterly 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.

Further Reading

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