Abacus Mining & Exploration (CVE:AME) Reaches New 52-Week Low – What’s Next?

Abacus Mining & Exploration Co. (CVE:AMEGet Free Report) hit a new 52-week low on Monday . The stock traded as low as C$0.02 and last traded at C$0.02, with a volume of 172000 shares changing hands. The stock had previously closed at C$0.03.

Abacus Mining & Exploration Stock Performance

The business has a 50 day moving average of C$0.02 and a two-hundred day moving average of C$0.02. The firm has a market capitalization of C$3.45 million, a price-to-earnings ratio of -0.67 and a beta of 0.88.

About Abacus Mining & Exploration

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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. It also has a 20% interest in the KGHM Ajax copper-gold property located in the southwest side of Kamloops, British Columbia. The company was incorporated in 1983 and is based in Vancouver, Canada.

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