Abcourt Mines Inc. (CVE:ABI – Get Free Report)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.05 and traded as low as C$0.05. Abcourt Mines shares last traded at C$0.05, with a volume of 630,000 shares changing hands.
Abcourt Mines Stock Down 9.1 %
The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of -32.13. The company has a market cap of C$39.97 million, a price-to-earnings ratio of -3.04 and a beta of 1.57. The business has a fifty day moving average price of C$0.05 and a two-hundred day moving average price of C$0.05.
Insiders Place Their Bets
In other news, Director Francois Joseph Pierre Marie Mestrallet bought 1,000,000 shares of the stock in a transaction on Thursday, March 20th. The shares were purchased at an average price of C$0.05 per share, for a total transaction of C$50,000.00. Insiders own 46.44% of the company’s stock.
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.
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