Abcourt Mines Inc. (CVE:ABI – Get Rating)'s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.07 and traded as high as C$0.08. Abcourt Mines shares last traded at C$0.08, with a volume of 208,100 shares trading hands.

Abcourt Mines Stock Up 23.1 %

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 market cap of C$27.91 million and a P/E ratio of -40.00. The company has a debt-to-equity ratio of 28.75, a quick ratio of 0.44 and a current ratio of 0.54.

Insider Activity

In related news, Director Francois Joseph Pierre Marie Mestrallet acquired 1,782,000 shares of the stock in a transaction dated Tuesday, January 31st. The stock was bought at an average price of C$0.07 per share, for a total transaction of C$124,740.00. Following the purchase, the director now directly owns 15,782,000 shares of the company's stock, valued at approximately C$1,104,740. Insiders purchased 2,482,000 shares of company stock worth $173,740 in the last quarter.

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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