Abcourt Mines (CVE:ABI) Stock Price Down 18.2% – Here’s What Happened

Shares of Abcourt Mines Inc. (CVE:ABI) dropped 18.2% during 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 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 Trading Down 10.0 %

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

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

Abcourt Mines Company Profile

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.