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Abcourt Mines (CVE:ABI) Shares Pass Below 50 Day Moving Average of $0.07

Defense World ·  Mar 10, 2023 05:07

Abcourt Mines Inc. (CVE:ABI – Get Rating)'s stock price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.07 and traded as low as C$0.07. Abcourt Mines shares last traded at C$0.07, with a volume of 1,059,200 shares.

Abcourt Mines Price Performance

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

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Insiders Place Their Bets

In related news, Director Francois Joseph Pierre Marie Mestrallet acquired 1,782,000 shares of Abcourt Mines stock in a transaction on Tuesday, January 31st. The stock was bought at an average cost of C$0.07 per share, for a total transaction of C$124,740.00. Following the completion of the transaction, the director now owns 15,782,000 shares of the company's stock, valued at approximately C$1,104,740. Over the last ninety days, insiders purchased 2,482,000 shares of company stock worth $173,740. Company insiders own 50.81% of the company's stock.

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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