Latest news with #AbcourtMines
Yahoo
26-05-2025
- Business
- Yahoo
Bullish Abcourt Mines Insiders Rewarded As Their Investment Rises To CA$7.56m
Abcourt Mines Inc. (CVE:ABI) insiders who purchased shares in the last 12 months were richly rewarded last week. The stock climbed by 11% resulting in a CA$5.0m addition to the company's market value. Put another way, the original CA$6.60m acquisition is now worth CA$7.56m. Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing. We've discovered 6 warning signs about Abcourt Mines. View them for free. In the last twelve months, the biggest single purchase by an insider was when insider Noureddine Mokaddem bought CA$4.0m worth of shares at a price of CA$0.04 per share. Even though the purchase was made at a significantly lower price than the recent price (CA$0.05), we still think insider buying is a positive. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices. Happily, we note that in the last year insiders paid CA$6.6m for 151.21m shares. But they sold 75.00k shares for CA$3.4k. Overall, Abcourt Mines insiders were net buyers during the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below! See our latest analysis for Abcourt Mines There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them). Over the last quarter, Abcourt Mines insiders have spent a meaningful amount on shares. Overall, two insiders shelled out CA$1.1m for shares in the company -- and none sold. This is a positive in our book as it implies some confidence. I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Abcourt Mines insiders own about CA$14m worth of shares. That equates to 28% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment. It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Given that insiders also own a fair bit of Abcourt Mines we think they are probably pretty confident of a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Abcourt Mines. Our analysis shows 6 warning signs for Abcourt Mines (5 are a bit concerning!) and we strongly recommend you look at them before investing. Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
Abcourt Announces its Results for the Third Quarter Ended March 31, 2025
ROUYN-NORANDA, Quebec, May 22, 2025 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. ('Abcourt' or the 'Corporation') (TSX Venture: ABI) (OTCQB : ABMBF) announces its results for the third quarter ended March 31, 2025. All monetary values in this press release are expressed in Canadian dollars, unless otherwise indicated. Financial statements and management discussion and analysis are available on SEDAR+. Summary of financial results (In dollars) Three months endedMarch 31 Nine months endedMarch 31 2025 2024 2025 2024 Revenues – – – 255,000 Administration expenses 1,068,917 776,367 2,499,582 2,657,981 Care and maintenance 692,919 231,541 2,743,950 2,031,082 Exploration expenses 4,063,635 1,765,615 6,118,177 4,043,679 Settlement of litigation with Revenu Québec – – (1,452,757 ) – Deferred income and mining taxes (1,100,000 ) – (1,273,000 ) (170,712 ) Net loss and comprehensive loss (5,466,608 ) (2,892,142 ) (9,756,976 ) (8,692,837 ) Net loss per share, basic and diluted (0.01 ) (0.01 ) (0.01 ) (0.02 )(In dollars) March 31, 2025 June 30, 2024 Cash 937,733 757,753 Total assets 16,493,159 14,063,983 Non-current liabilities 12,908,748 12,261,315 Shareholders' equity (3,447,876 ) (6,284,136 ) Working capital (non-IFRS measurement) * (2,172,892 ) (4,947,411 ) * Working capital is a non-IFRS measurement with no standardized meaning under IFRS. For further information, please see section "Non-IFRS Measure". Abcourt has achieved a significant improvement in its working capital for the period ended March 31, 2025, with a negative working capital of $2,172,892, compared to negative working capital of $4,947,411 as at June 30, 2024. Non-IFRS Measure This press release presents working capital as a performance measure which is non-International Financial Reporting Standards (IFRS) performance measure. The Corporation believes that this measure provides investors with an improved ability to evaluate the performance of the Corporation. Non-IFRS measures do not have any standardized meaning prescribed under IFRS. Therefore, such measures may not be comparable to similar measures employed by other companies. This data may not be comparable to data presented by other companies. Non-GAAP financial performance measures should be considered together with other data prepared in accordance with IFRS. The Corporation determines working capital as follows: current assets less current liabilities. Abcourt Mines Inc. Abcourt Mines Inc. is a Canadian gold exploration company with properties strategically located in northwestern Quebec, Canada. Abcourt owns the 100% owned Sleeping Giant mine and mill and the Flordin exploration property, where it focuses its operations. For more information about Abcourt Mines Inc., please visit our website and view our filings under Abcourt's profile on Pascal Hamelin Dany Cenac Robert, Investor Relations President and Chief Executive Officer Reseau ProMarket Inc., T : (819) 768-2857 T : (514) 722-2276, poste 456 Email : phamelin@ Email : FORWARD-LOOKING STATEMENTS Certain information contained in this news release may constitute "forward-looking information" within the meaning of Canadian securities legislation. Generally, forward-looking information can be identified by using forward-looking terminology, such as "plans", "aims", "expects", "projects", "intends", "anticipates", "estimates", "could", "should", "likely", or variations of such words and phrases or statements specifying that certain acts, events or results "may", "should", "will" or "be achieved" or other similar expressions. Forward-looking statements are based on Abcourt's estimates and are subject to known and unknown risks, uncertainties and other factors that may cause Abcourt's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements or information. Forward-looking statements are subject to business, economic and uncertainties and other factors that could cause actual results to differ materially from these forward-looking statements, including the relevant assumptions and risk factors set forth in Abcourt's public filings, which are available on SEDAR at There can be no assurance that these statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Although Abcourt believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on such statements. Except as required by applicable securities laws, Abcourt disclaims any intention or obligation to update or revise any such forward-looking statements or information, whether as a result of new information, future events or otherwise. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
