Abcourt Mines (CVE:ABI) Shares Cross Above Fifty Day Moving Average – Time to Sell?

Abcourt Mines Inc. (CVE:ABIGet Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.05 and traded as high as C$0.06. Abcourt Mines shares last traded at C$0.05, with a volume of 2,660,283 shares trading hands.

Abcourt Mines Price Performance

The firm has a market cap of C$39.97 million, a PE ratio of -3.04 and a beta of 1.57. The stock has a 50 day simple moving average of C$0.05 and a two-hundred day simple moving average of C$0.05. The company has a debt-to-equity ratio of -32.13, a quick ratio of 0.44 and a current ratio of 0.67.

Insider Activity at Abcourt Mines

In related news, Director Francois Joseph Pierre Marie Mestrallet bought 1,000,000 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The stock was purchased at an average price of C$0.05 per share, for a total transaction of C$50,000.00. 46.44% of the stock is owned by corporate insiders.

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.

Further Reading

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