Abacus Mining & Exploration (CVE:AME) Sets New 52-Week High – Still a Buy?

Abacus Mining & Exploration Co. (CVE:AMEGet Free Report) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as C$0.05 and last traded at C$0.05, with a volume of 83000 shares trading hands. The stock had previously closed at C$0.05.

Abacus Mining & Exploration Stock Performance

The stock has a fifty day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.03. The stock has a market cap of C$6.90 million, a price-to-earnings ratio of -1.33 and a beta of 0.85.

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. 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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