Abacus Mining & Exploration (CVE:AME) Trading Down 14.3% – What’s Next?

Shares of Abacus Mining & Exploration Co. (CVE:AME) were down 14.3% during trading on Monday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 116,060 shares were traded during trading, an increase of 56% from the average daily volume of 74,619 shares. The stock had previously closed at C$0.04.

Abacus Mining & Exploration Price Performance

The firm has a market cap of C$6.04 million, a price-to-earnings ratio of -1.17 and a beta of -0.93. The stock’s fifty day moving average price is C$0.04 and its 200-day moving average price is C$0.03.

About Abacus Mining & Exploration

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.