Abacus Mining & Exploration (CVE:AME) Reaches New 52-Week High – Should You Buy?

Abacus Mining & Exploration Co. (CVE:AMEGet Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$0.05 and last traded at C$0.04, with a volume of 11147 shares traded. The stock had previously closed at C$0.04.

Abacus Mining & Exploration Stock Performance

The company has a market capitalization of C$7.77 million, a price-to-earnings ratio of -1.50 and a beta of 0.85. The company has a fifty day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.02.

About Abacus Mining & Exploration

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Abacus Mining & Exploration Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abacus Mining & Exploration and related companies with MarketBeat.com's FREE daily email newsletter.