Abcourt Mines Inc. Stock Performance
Abcourt Mines Inc. experienced a remarkable increase of 66.7% in its stock price, reaching C$0.08. The trading volume soared by nearly 2,000%, with over 8.8 million shares exchanged during midday trading, compared to the typical volume of around 428,000 shares. The stock's previous close was C$0.05.
Financial Indicators and Market Capitalization
The company's market capitalization stands at approximately C$60 million. It maintains a negative PE ratio of -4.56, indicative of its growth stage, and has a beta of 1.57, reflecting moderate market volatility. Notably, Abcourt Mines reports a debt-to-equity ratio of -32.13, suggesting low or negative leverage, alongside a quick ratio of 0.44 and a current ratio of 0.67, which provide insights into its liquidity profile.
Company Overview and Industry Focus
Specializing in the acquisition and exploration of gold projects across Canada, Abcourt Mines also has interests in silver and zinc deposits. Founded in 1971 and headquartered in Rouyn-Noranda, the company focuses on mineral exploration and resource development.