Abacus Mining & Exploration (CVE:AME) Shares Up 42.9% – Should You Buy?

Abacus Mining & Exploration Co. (CVE:AME) rose 42.9% during trading on Friday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 180,198 shares traded hands during mid-day trading, an increase of 124% from the average daily volume of 80,581 shares. The stock had previously closed at C$0.04.

Abacus Mining & Exploration Stock Performance

The company has a market cap of C$8.63 million, a P/E ratio of -1.67 and a beta of -0.93. The business’s fifty day moving average is C$0.03 and its two-hundred day moving average is C$0.03.

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. 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.