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Insider Buying: Abcourt Mines Inc. (CVE:ABI) Director Acquires C$124,740.00 in Stock

Financial News Live ·  Feb 3, 2023 05:21

Abcourt Mines Inc. (CVE:ABI – Get Rating) Director Francois Joseph Pierre Marie Mestrallet purchased 1,782,000 shares of the company's stock in a transaction that occurred on Tuesday, January 31st. The stock was acquired at an average cost of C$0.07 per share, with a total value of C$124,740.00. Following the transaction, the director now directly owns 15,782,000 shares of the company's stock, valued at C$1,104,740.

Francois Joseph Pierre Marie Mestrallet also recently made the following trade(s):

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  • On Wednesday, January 18th, Francois Joseph Pierre Marie Mestrallet acquired 500,000 shares of Abcourt Mines stock. The stock was bought at an average price of C$0.07 per share, for a total transaction of C$35,000.00.
  • On Tuesday, January 10th, Francois Joseph Pierre Marie Mestrallet bought 200,000 shares of Abcourt Mines stock. The shares were bought at an average price of C$0.07 per share, with a total value of C$14,000.00.

Abcourt Mines Stock Performance

Shares of CVE:ABI opened at C$0.08 on Friday. The company has a debt-to-equity ratio of 28.75, a current ratio of 0.54 and a quick ratio of 0.44. The business's fifty day moving average price is C$0.07 and its two-hundred day moving average price is C$0.05. Abcourt Mines Inc. has a fifty-two week low of C$0.04 and a fifty-two week high of C$0.10. The stock has a market capitalization of C$26.16 million and a price-to-earnings ratio of -37.50.

About Abcourt Mines

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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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