Abacus Mining And Stock Today
| AME Stock | CAD 0.04 0.01 20.00% |
Performance7 of 100
| Odds Of DistressOver 62
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Abacus Mining is selling for under 0.04 as of the 18th of April 2024; that is -20 percent down since the beginning of the trading day. The stock's lowest day price was 0.04. Abacus Mining has more than 62 % chance of experiencing financial distress in the next few years of operation. It also did not have a very good performance during the last 90 trading days. Equity ratings for Abacus Mining and are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of October 2022 and ending today, the 18th of April 2024. Click here to learn more.
Business Domain Materials | Category Basic Materials |
Abacus Mining Exploration Corporation, an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada. It also has an interest in the Jersey Valley gold property located in the Battle Mountain trend of Nevada and a 20 percent interest in the KGHM Ajax copper-gold property located in the southwest side of Kamloops, British Columbia. The company has 120.84 M outstanding shares of which 2.22 K shares are presently shorted by private and institutional investors with about 0.14 days to cover all short positions. More on Abacus Mining and
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Abacus Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Abacus Mining's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Abacus Mining or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Executive Chairman | Michael PEng | ||||
| Business Concentration | Diversified Metals & Mining, Other Industrial Metals & Mining, Basic Materials, Materials, Metals & Mining, Other Industrial Metals & Mining, Basic Materials (View all Sectors) | ||||
Abacus Mining's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Abacus Mining's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Abacus Mining's financial leverage. It provides some insight into what part of Abacus Mining's total assets is financed by creditors.
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Abacus Mining and (AME) is traded on TSX Venture Exchange in Canada and employs 10 people. Abacus Mining is listed under Diversified Metals & Mining category by Fama And French industry classification. The company currently falls under 'Nano-Cap' category with a current market capitalization of 4.23 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Abacus Mining's market, we take the total number of its shares issued and multiply it by Abacus Mining's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Abacus Mining classifies itself under Metals & Mining sector and is part of Materials industry. The entity has 120.84 M outstanding shares of which 2.22 K shares are presently shorted by private and institutional investors with about 0.14 days to cover all short positions.
Abacus Mining and has accumulated about 1.12 M in cash with (440.19 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01.
Check Abacus Mining Probability Of Bankruptcy
Ownership AllocationAbacus Mining holds a total of 120.84 Million outstanding shares. Abacus Mining and shows 6.59 percent of its outstanding shares held by insiders and 0.0 percent owned by other corporate entities. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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Abacus Stock Price Odds Analysis
Depending on a normal probability distribution, the odds of Abacus Mining jumping above the current price in 90 days from now is about 1.56%. The Abacus Mining and probability density function shows the probability of Abacus Mining stock to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Abacus Mining and has a beta of -0.644. This suggests as returns on the benchmark increase, returns on holding Abacus Mining are expected to decrease at a much lower rate. During a bear market, however, Abacus Mining and is likely to outperform the market. Moreover, abacus Mining and has an alpha of 1.1052, implying that it can generate a 1.11 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Abacus Mining to move above the current price in 90 days from now is about 1.56 (This Abacus Mining and probability density function shows the probability of Abacus Stock to fall within a particular range of prices over 90 days) .
Abacus Mining Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Abacus Mining market risk premium is the additional return an investor will receive from holding Abacus Mining long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Abacus Mining. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Abacus Mining's alpha and beta are two of the key measurements used to evaluate Abacus Mining's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 4.67 | |||
| Standard Deviation | 11.95 | |||
| Variance | 142.78 | |||
| Risk Adjusted Performance | 0.0668 |
Abacus Stock Against Markets
Picking the right benchmark for Abacus Mining stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Abacus Mining stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Abacus Mining is critical whether you are bullish or bearish towards Abacus Mining and at a given time. Please also check how Abacus Mining's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Abacus Mining without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Abacus Mining Corporate Directors
Abacus Mining corporate directors refer to members of an Abacus Mining board of directors. The board of directors generally takes responsibility for the Abacus Mining's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Abacus Mining's board members must vote for the resolution. The Abacus Mining board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Louis Montpellier | Independent Director | Profile | |
| Thomas McKeever | Director | Profile | |
| Victor Lazarovici | Independent Director | Profile | |
| Sean Harvey | Non-Executive Independent Director | Profile |
How to buy Abacus Stock?
Before investing in Abacus Mining, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Abacus Mining. To buy Abacus Mining stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Abacus Mining. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Abacus Mining stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Abacus Mining and stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Abacus Mining and stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Abacus Mining and, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Abacus Mining and?
The danger of trading Abacus Mining and is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Abacus Mining is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Abacus Mining. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Abacus Mining is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Abacus Mining and. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for Abacus Stock analysis
When running Abacus Mining's price analysis, check to measure Abacus Mining's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Abacus Mining is operating at the current time. Most of Abacus Mining's value examination focuses on studying past and present price action to predict the probability of Abacus Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Abacus Mining's price. Additionally, you may evaluate how the addition of Abacus Mining to your portfolios can decrease your overall portfolio volatility.
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