Abcourt Mines Inc. (CVE:ABI – Get Rating) shares were up 7.7% on Wednesday . The stock traded as high as C$0.07 and last traded at C$0.07. Approximately 104,000 shares traded hands during trading, a decline of 66% from the average daily volume of 304,173 shares. The stock had previously closed at C$0.07.

Abcourt Mines Stock Up 7.7 %

The company has a market capitalization of C$24.42 million, a P/E ratio of -0.88 and a beta of 0.96. The firm's 50 day moving average price is C$0.07 and its two-hundred day moving average price is C$0.06. The company has a current ratio of 0.37, a quick ratio of 0.44 and a debt-to-equity ratio of 35.46.

Insider Activity

In related news, Director Francois Joseph Pierre Marie Mestrallet acquired 1,782,000 shares of the business's stock in a transaction dated Tuesday, January 31st. The stock was bought at an average price of C$0.07 per share, with a total value of C$124,740.00. Following the acquisition, the director now owns 15,782,000 shares in the company, valued at approximately C$1,104,740. In the last 90 days, insiders purchased 2,482,000 shares of company stock valued at $173,740. 50.81% of the stock is owned by insiders.

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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