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

Abacus Mining & Exploration Co. (CVE:AMEGet Free Report)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as C$0.03 and last traded at C$0.02, with a volume of 46000 shares trading hands. The stock had previously closed at C$0.02.

Abacus Mining & Exploration Price Performance

The stock has a fifty day moving average price of C$0.02 and a two-hundred day moving average price of C$0.02. The company has a market capitalization of C$3.45 million, a price-to-earnings ratio of -0.67 and a beta of 0.88.

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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