Abacus Mining & Exploration (CVE:AME) Hits New 52-Week High – Here’s What Happened
by Michael Walen · The Markets DailyShares of Abacus Mining & Exploration Co. (CVE:AME – Get 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 12696 shares. The stock had previously closed at C$0.04.
Abacus Mining & Exploration Trading Down 12.5%
The stock has a 50-day moving average price of C$0.02 and a two-hundred day moving average price of C$0.02. The stock has a market cap of C$6.04 million, a price-to-earnings ratio of -1.17 and a beta of 0.44.
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.