Abcourt Mines (CVE:ABI) Shares Down 4.8%

Abcourt Mines Inc. (CVE:ABI)’s share price dropped 4.8% during mid-day trading on Thursday . The stock traded as low as C$0.10 and last traded at C$0.10. Approximately 82,500 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 127,447 shares. The stock had previously closed at C$0.11.

The company has a 50-day simple moving average of C$0.10. The firm has a market capitalization of C$29.60 million and a P/E ratio of 13.13. The company has a debt-to-equity ratio of 5.55, a quick ratio of 0.42 and a current ratio of 0.94.

About Abcourt Mines (CVE:ABI)

Abcourt Mines Inc engages in the acquisition, exploration, evaluation, and exploitation of gold mining properties in Canada. It also explores for silver, copper, and zinc ores, as well as diamond deposits. The company holds a 100% interest in the Elder Mine and Tagami Property located near Rouyn-Noranda; the Abcourt-Barvue and Vendome silver-zinc projects located at Barraute; Aldermac property located near Rouyn-Noranda; and the Jonpol property located near Amos, Quebec.

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