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

Abcourt Mines Inc. (CVE:ABI) was down 18.2% during mid-day trading on Wednesday . The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 557,235 shares were traded during mid-day 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 Down 18.2 %

The company has a market cap of C$31.31 million, a PE ratio of -0.90 and a beta of 1.57. The company has a debt-to-equity ratio of 24.38, a current ratio of 0.40 and a quick ratio of 0.44. The firm has a 50-day simple moving average of C$0.05 and a two-hundred day simple moving average of C$0.05.

Abcourt Mines (CVE:ABI) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported C($0.01) earnings per share for the quarter.

About Abcourt Mines

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.