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

Shares of Abcourt Mines Inc. (CVE:ABI) dropped 18.2% on Wednesday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 557,235 shares changed 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 18.2 %

The firm has a market capitalization of C$31.31 million, a price-to-earnings ratio of -0.90 and a beta of 1.57. The company has a fifty day moving average price of C$0.05 and a two-hundred day moving average price of C$0.05. The company has a current ratio of 0.40, a quick ratio of 0.44 and a debt-to-equity ratio of 24.38.

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