Abcourt Mines (CVE:ABI) Shares Down 18.2% – Should You Sell?

Abcourt Mines Inc. (CVE:ABIGet Free Report) shares fell 18.2% during trading on Wednesday . The company traded as low as C$0.05 and last traded at C$0.05. 557,235 shares traded hands during mid-day trading, an increase of 45% from the average session volume of 383,154 shares. The stock had previously closed at C$0.06.

Abcourt Mines Trading Down 10.0 %

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 has a 50 day simple moving average of C$0.05 and a two-hundred day simple moving average of C$0.05. The stock has a market cap of C$31.31 million, a price-to-earnings ratio of -0.90 and a beta of 1.57.

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

Abcourt Mines Company Profile

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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.

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