Abacus Mining & Exploration (CVE:AME) Reaches New 1-Year Low – Time to Sell?

Abacus Mining & Exploration Co. (CVE:AME – Get Free Report)’s stock price reached a new 52-week low during trading on Monday. The company traded as low as C$0.02 and last traded at C$0.01, with a volume of 6,272 shares changing hands. The stock had previously closed at C$0.02.

Abacus Mining & Exploration Price Performance

The firm has a market capitalization of C$2.81 million, a PE ratio of -0.50 and a beta of -0.64. The company has a 50-day moving average price of C$0.02 and a 200 day moving average price of C$0.03.

Abacus Mining & Exploration Company Profile

(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.

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