Abacus Mining & Exploration (CVE:AME) Trading Up 16.7% – Here’s Why

Abacus Mining & Exploration Co. (CVE:AME) was up 16.7% during mid-day trading on Thursday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 147,005 shares were traded during trading, an increase of 87% from the average daily volume of 78,695 shares. The stock had previously closed at C$0.03.

Abacus Mining & Exploration Stock Up 16.7%

The stock has a fifty day moving average of C$0.04 and a 200-day moving average of C$0.03. The stock has a market cap of C$6.04 million, a PE ratio of -1.17 and a beta of -0.29.

About Abacus Mining & Exploration

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.