Aberdeen International (TSE:AAB) Stock Price Crosses Above 50-Day Moving Average of $0.04

Aberdeen International Inc. (TSE:AAB) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.04 and traded as high as C$0.08. Aberdeen International shares last traded at C$0.08, with a volume of 152,000 shares trading hands.

Aberdeen International Price Performance

The company has a market capitalization of C$11.59 million, a P/E ratio of -0.67 and a beta of 1.90. The company’s 50-day moving average price is C$0.04 and its two-hundred day moving average price is C$0.03. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.74 and a quick ratio of 22.09.

Aberdeen International (TSE:AAB) last issued its quarterly earnings data on Wednesday, June 12th. The company reported C($0.01) earnings per share for the quarter. The firm had revenue of C$0.01 million for the quarter.

Insider Activity

In other Aberdeen International news, insider Stan Bharti purchased 780,000 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The shares were acquired at an average cost of C$0.05 per share, with a total value of C$39,000.00. Insiders have purchased 1,177,000 shares of company stock valued at $56,135 over the last ninety days. 13.25% of the stock is currently owned by company insiders.

Aberdeen International Company Profile

Aberdeen International Inc, a resource investment and merchant banking company, focuses on small capitalization companies in the rare metals and renewal energy sectors. The company intends to acquire equity participation in pre-IPO and early-stage public resource companies with undeveloped or undervalued resources and assets; companies in need of managerial, technical, and financial resources; companies undervalued in foreign capital markets; and companies operating in jurisdictions with low to moderate local political risk.