Abcourt Mines (CVE:ABI) Share Price Crosses Below Fifty Day Moving Average – What’s Next?

Abcourt Mines Inc. (CVE:ABI) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.10 and traded as low as C$0.10. Abcourt Mines shares last traded at C$0.10, with a volume of 240,082 shares changing hands.

Abcourt Mines Trading Up 5.6%

The stock’s 50 day simple moving average is C$0.10 and its two-hundred day simple moving average is C$0.09. The stock has a market capitalization of C$113.02 million, a PE ratio of -4.75 and a beta of 1.99. The company has a debt-to-equity ratio of 668.44, a current ratio of 2.05 and a quick ratio of 0.44.

Abcourt Mines Company Profile

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.