Abacus Mining & Exploration (CVE:AME) Shares Up 25% – Should You Buy?

Abacus Mining & Exploration Co. (CVE:AME)’s stock price shot up 25% during trading on Thursday . The company traded as high as C$0.03 and last traded at C$0.03. 140,150 shares changed hands during trading, an increase of 99% from the average daily volume of 70,259 shares. The stock had previously closed at C$0.02.

Abacus Mining & Exploration Stock Up 25.0%

The stock has a fifty day moving average price of C$0.02 and a two-hundred day moving average price of C$0.03. The company has a market capitalization of C$4.69 million, a price-to-earnings ratio of -0.83 and a beta of -0.43.

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.