Abcourt Mines (CVE:ABI) Trading Down 9.1% – Should You Sell?

Abcourt Mines Inc. (CVE:ABI)’s share price fell 9.1% during mid-day trading on Friday . The company traded as low as C$0.05 and last traded at C$0.05. 114,000 shares were traded during mid-day trading, a decline of 76% from the average session volume of 471,190 shares. The stock had previously closed at C$0.06.

Abcourt Mines Stock Performance

The firm has a market cap of C$38.26 million, a price-to-earnings ratio of -1.10 and a beta of 1.57. The business has a fifty day moving average of C$0.05 and a two-hundred day moving average of C$0.05. The company has a debt-to-equity ratio of 24.38, a quick ratio of 0.44 and a current ratio of 0.40.

Abcourt Mines (CVE:ABI) last released its quarterly earnings results on Tuesday, October 22nd. The company reported C($0.01) EPS 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.