Abacus Mining & Exploration (AME) AI Stock Analysis

• Market Cap: C$2.98M
• Dividend Yield: N/A
• Average Volume (3M): 27.27K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.20
• Revenue Growth: N/A
• EPS Growth: -161.90%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 63
• Industry: Mining
• EPS (TTM): -0.03
• Shares Outstanding: 149,106,260
• 10 Day Avg. Volume: 9,469
• 30 Day Avg. Volume: 27,268
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -63.10
• P/FCF Ratio: 1.20
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Abacus Mining & Exploration is currently facing significant financial challenges with no revenue and continuous net losses. The negative balance sheet and cash flow issues further complicate its financial standing. Technical analysis suggests the stock is oversold, but lack of positive momentum keeps it from gaining upward traction. Valuation metrics are weak, with a negative P/E ratio and no dividend yield. Overall, the company's financial distress heavily influences its low stock score, necessitating urgent strategic changes.

Abacus Mining & Exploration Business Overview & Revenue Model

Company Description

Abacus Mining & Exploration (AME) is a resource exploration company focused on the acquisition, exploration, and development of mineral properties. The company operates primarily in the mining sector, with a particular emphasis on copper and gold projects. AME is engaged in identifying and advancing high-potential mineral assets to create value for its stakeholders.

How the Company Makes Money

Abacus Mining & Exploration generates revenue through the exploration and development of mineral properties, aiming to discover economically viable deposits of copper and gold. The company primarily makes money by acquiring promising mineral properties, conducting extensive exploration activities to delineate mineral resources, and then either selling these properties to larger mining companies or partnering with them to further develop the projects. Additionally, AME may earn revenue through joint ventures, where it shares in the profits from the mining operations with its partners. Significant factors contributing to its earnings include successful exploration results, favorable commodity prices, and strategic partnerships with other mining companies or investors.

Abacus Mining & Exploration Financial Statement Overview

Summary

Abacus Mining & Exploration faces considerable financial hurdles with no revenue generation, continuous net losses, and high leverage. The company is heavily reliant on debt financing, with negative equity and cash flow challenges. Immediate strategic intervention is necessary to address these persistent financial issues and explore potential revenue-generating opportunities.

Income Statement

The company has reported no revenue over the years, indicating a lack of operational income. Both net income and EBIT have been consistently negative, reflecting sustained operating losses. The absence of revenue growth and negative profit margins highlight significant financial challenges in generating and sustaining income.

Balance Sheet

The company exhibits a negative stockholders' equity, indicating financial distress and potential insolvency risks. With a high level of total debt relative to assets, there is an extremely high debt-to-equity ratio, exacerbating financial instability. The persistent negative equity over multiple periods is a significant concern.

Cash Flow

Operating cash flow has remained negative, indicating insufficient cash generation from core activities. The free cash flow has also been consistently negative, reflecting ongoing cash outflows. Although financing cash flow has been positive, it suggests reliance on external funding to support operations, which may not be sustainable long term.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
0.00	0.00	0.00	0.00	0.00	0.00
	EBIT
-362.72K	-442.08K	-1.04M	-3.42M	-1.24M	-1.09M
	EBITDA
-755.60K	-20.55K	-727.32K	-2.46M	-1.03M	-702.98K
	Net Income Common Stockholders
-4.11M	-1.67M	-3.29M	-5.46M	-3.03M	-2.72M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
202.00K	64.88K	76.72K	57.98K	628.47K	431.57K
	Total Assets
6.50M	7.89M	5.62M	5.77M	6.54M	6.35M
	Total Debt
15.83M	27.51M	24.25M	21.99M	19.25M	17.46M
	Net Debt
15.63M	27.45M	24.17M	21.93M	18.62M	17.03M
	Total Liabilities
16.01M	27.76M	24.47M	22.24M	19.46M	17.83M
	Stockholders Equity
-9.51M	-19.87M	-18.85M	-16.47M	-12.92M	-11.48M
Cash Flow		Free Cash Flow
-519.40K	-575.80K	-687.67K	-2.15M	-1.21M	-502.58K
	Operating Cash Flow
-356.90K	-424.60K	-552.30K	-2.03M	-1.04M	-469.37K
	Investing Cash Flow
-162.49K	-151.20K	-135.37K	-117.95K	-164.47K	-7.17K
	Financing Cash Flow
331.86K	563.96K	706.41K	1.58M	1.41M	706.11K

Abacus Mining & Exploration Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:AME, the sentiment is Negative. The current price of 0.02 is equal to the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 7.86 is Positive, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:AME.

Abacus Mining & Exploration Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BTO	54 Neutral	$4.96B	―	-18.54%	6.17%	-4.17%	-318.18%
AZM	48 Neutral	C$46.29M	234.78	0.39%	―	―	―
Sector *	46 Neutral	$2.64B	-3.89	-29.36%	3.33%	2.89%	-29.66%
GMA	44 Neutral	C$12.91M	―	-58.91%	―	-83.85%	-24.32%
BMK	37 Underperform	C$3.55M	―	25.02%	―	―	84.51%
BAY	35 Underperform	C$12.65M	―	-349.78%	―	―	-184.91%
AME	24 Underperform	C$2.98M	―	18.45%	―	―	-161.90%