Abcourt Mines (CVE:ABI) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Abcourt Mines Inc. (CVE:ABIGet Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.10 and traded as low as C$0.09. Abcourt Mines shares last traded at C$0.09, with a volume of 22,168 shares trading hands.

Abcourt Mines Stock Down 5.3%

The company has a quick ratio of 0.44, a current ratio of 2.05 and a debt-to-equity ratio of 668.44. The company has a market capitalization of C$107.08 million, a P/E ratio of -4.50 and a beta of 2.00. The company has a 50-day moving average of C$0.10 and a two-hundred day moving average of C$0.10.

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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