Abcourt Mines (CVE:ABI) Shares Pass Below 200 Day Moving Average – Here’s Why

Abcourt Mines Inc. (CVE:ABIGet Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.09 and traded as low as C$0.07. Abcourt Mines shares last traded at C$0.07, with a volume of 231,826 shares traded.

Abcourt Mines Stock Up 7.1%

The stock has a market capitalization of C$89.50 million, a price-to-earnings ratio of -2.50 and a beta of 2.23. The firm has a 50-day moving average of C$0.07 and a 200 day moving average of C$0.09. The company has a current ratio of 3.08, a quick ratio of 0.44 and a debt-to-equity ratio of -1,554.82.

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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