Abacus Mining & Exploration (CVE:AME) Reaches New 12-Month Low – Here’s Why

Abacus Mining & Exploration Co. (CVE:AMEGet Free Report)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.02, with a volume of 12166 shares changing hands. The stock had previously closed at C$0.03.

Abacus Mining & Exploration Trading Down 20.0 %

The firm has a 50-day simple moving average of C$0.02 and a two-hundred day simple moving average of C$0.03. The company has a market capitalization of C$2.89 million, a price-to-earnings ratio of -0.67 and a beta of 1.56.

Abacus Mining & Exploration (CVE:AMEGet Free Report) last posted its earnings results on Wednesday, July 31st. The company reported C($0.01) EPS for the quarter.

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.

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