Abcourt Mines (CVE:ABI) Shares Down 9.1% – What’s Next?

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

Abcourt Mines Stock Performance

The company has a market cap of C$38.26 million, a price-to-earnings ratio of -1.10 and a beta of 1.57. 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 business’s fifty 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 announced its earnings results on Tuesday, October 22nd. The company reported C($0.01) earnings per share (EPS) 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.