Abacus Mining & Exploration (CVE:AME) Stock Passes Below Fifty Day Moving Average – Here’s Why

Abacus Mining & Exploration Co. (CVE:AMEGet Free Report) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$0.03 and traded as low as C$0.03. Abacus Mining & Exploration shares last traded at C$0.03, with a volume of 5,334 shares.

Abacus Mining & Exploration Trading Up 20.0%

The company has a fifty day simple moving average of C$0.03 and a 200-day simple moving average of C$0.03. The stock has a market cap of C$5.62 million, a price-to-earnings ratio of -1.00 and a beta of -0.49.

About Abacus Mining & Exploration

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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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