Abacus Mining & Exploration (CVE:AME) Hits New 1-Year Low – Here’s Why

Shares of Abacus Mining & Exploration Co. (CVE:AME) reached a new 52-week low during trading on Monday . The stock traded as low as C$0.02 and last traded at C$0.02, with a volume of 26359 shares changing hands. The stock had previously closed at C$0.03.

Abacus Mining & Exploration Trading Down 20.0 %

The firm has a market cap of C$2.89 million, a P/E ratio of -0.83 and a beta of 1.56. The business’s fifty day simple moving average is C$0.02 and its 200-day simple moving average is C$0.02.

Abacus Mining & Exploration Company Profile

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.