Abacus Mining & Exploration (CVE:AME) Sets New 52-Week Low – Here’s Why

Abacus Mining & Exploration Co. (CVE:AME)’s share price hit a new 52-week low during trading on Monday . The company traded as low as C$0.02 and last traded at C$0.02, with a volume of 21000 shares changing hands. The stock had previously closed at C$0.03.

Abacus Mining & Exploration Stock Up 25.0 %

The stock has a 50 day simple moving average of C$0.02 and a 200 day simple moving average of C$0.03. The stock has a market cap of C$3.62 million, a price-to-earnings ratio of -0.67 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.