Abcourt Mines (CVE:ABI) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Abcourt Mines Inc. ( CVE:ABI – Get Free Report )’s share price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$0.

05 and traded as low as C$0.05. Abcourt Mines shares last traded at C$0.



05, with a volume of 841,100 shares traded. Abcourt Mines Stock Performance The business’s 50-day simple moving average is C$0.05 and its two-hundred day simple moving average is C$0.

05. The firm has a market cap of C$39.97 million, a price-to-earnings ratio of -3.

04 and a beta of 1.57. The company has a quick ratio of 0.

44, a current ratio of 0.67 and a debt-to-equity ratio of -32.13.

Insider Buying and Selling In related news, Director Francois Joseph Pierre Marie Mestrallet purchased 1,000,000 shares of Abcourt Mines 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. Insiders own 46.44% of the company’s stock.

About Abcourt Mines 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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