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

Shares of Abacus Mining & Exploration Co. (CVE:AMEGet Free Report) hit a new 52-week low on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02, with a volume of 12166 shares. The stock had previously closed at C$0.03.

Abacus Mining & Exploration Price Performance

The stock has a market cap of C$2.89 million, a price-to-earnings ratio of -0.83 and a beta of 1.56. The company’s fifty day moving average price is C$0.02 and its 200-day moving average price is C$0.03.

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

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.

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