Abacus Mining & Exploration (CVE:AME) Sets New 12-Month Low – What’s Next?

Shares of Abacus Mining & Exploration Co. (CVE:AME) hit a new 52-week low during trading on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02, with a volume of 1000 shares traded. The stock had previously closed at C$0.03.

Abacus Mining & Exploration Price Performance

The business’s 50 day moving average is C$0.02 and its 200 day moving average is C$0.03. The stock has a market cap of C$2.89 million, a price-to-earnings ratio of -0.83 and a beta of 1.56.

Abacus Mining & Exploration Company Profile

Abacus Mining & Exploration Corporation, an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada. The company holds an option to acquire 75% interest in the Willow copper-molybdenum property located in Yerington, Nevada, as well as explores for Nev-Lorraine claims.