Abacus Mining & Exploration (AME) AI Stock Analysis

• Market Cap: C$3.45M
• Dividend Yield: N/A
• Average Volume (3M): 18.08K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.41
• Revenue Growth: N/A
• EPS Growth: -135.66%
• Country: CA
• Employees: 8
• Sector: Basic Materials
• Sector Strength: 59
• Industry: Industrial Materials
• EPS (TTM): -0.03
• Shares Outstanding: 172,606,260
• 10 Day Avg. Volume: 13,266
• 30 Day Avg. Volume: 18,076
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• 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 under significant financial pressure, with no revenue, ongoing losses, and negative equity. The technical indicators show no momentum, while the valuation remains unattractive due to a negative P/E ratio. Although the recent capital raise is a positive move, it highlights reliance on external funding. Immediate strategic changes are necessary for potential improvement.

Abacus Mining & Exploration Business Overview & Revenue Model

Company Description

Abacus Mining & Exploration (AME) is a Canadian mineral exploration and development company focused on the discovery and development of copper and gold resources. Operating primarily in North America, the company targets regions with known mineralization to leverage its expertise in project exploration, development, and value optimization. AME's projects are strategically located in mining-friendly jurisdictions, enabling it to capitalize on favorable regulatory environments and infrastructure.

How the Company Makes Money

Abacus Mining & Exploration makes money through a combination of exploration and development of mineral properties, primarily focusing on copper and gold. The company generates revenue by advancing its mineral projects to stages where they can attract investment or partnership opportunities. Key revenue streams include selling or joint venturing its projects to larger mining companies that can take on the operational phase, as well as earning royalties or equity stakes in projects that progress to production. Significant partnerships with other mining firms or financial institutions can also provide necessary capital and shared expertise, contributing to the company's earnings potential.

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
Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00
	Gross Profit
0.00	0.00	0.00	0.00	0.00
	EBIT
-442.08K	-1.04M	-3.42M	-1.24M	-1.09M
	EBITDA
-20.55K	-727.32K	-2.46M	-1.03M	-702.98K
	Net Income Common Stockholders
-1.67M	-3.29M	-5.46M	-3.03M	-2.72M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
64.88K	76.72K	57.98K	628.47K	431.57K
	Total Assets
7.89M	5.62M	5.77M	6.54M	6.35M
	Total Debt
27.51M	24.25M	21.99M	19.25M	17.46M
	Net Debt
27.45M	24.17M	21.93M	18.62M	17.03M
	Total Liabilities
27.76M	24.47M	22.24M	19.46M	17.83M
	Stockholders Equity
-19.87M	-18.85M	-16.47M	-12.92M	-11.48M
Cash Flow		Free Cash Flow
-575.80K	-687.67K	-2.15M	-1.21M	-502.58K
	Operating Cash Flow
-424.60K	-552.30K	-2.03M	-1.04M	-469.37K
	Investing Cash Flow
-151.20K	-135.37K	-117.95K	-164.47K	-7.17K
	Financing Cash Flow
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: Positive
• 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 above the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 0.00 is Positive, neither overbought nor oversold. The STOCH value of 0.00 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
Sector *	49 Neutral	$1.95B	-1.37	-21.43%	3.74%	0.84%	-29.84%
CRUZ	41 Neutral	C$3.50M	―	-52.00%	―	―	-74.67%
CQX	40 Underperform	C$3.41M	―	-87.21%	―	―	-286.86%
CBI	34 Underperform	C$3.46M	―	-36.85%	―	―	-53.09%
SRI	34 Underperform	C$3.40M	―	-61.07%	―	-100.00%	-276.92%
AME	30 Underperform	C$3.45M	―	18.45%	―	―	-135.66%

Abacus Mining & Exploration Corporate Events

Abacus Mining Completes $470,000 Private Placement to Bolster Copper-Gold Projects

Abacus Mining & Exploration Corporation announced the successful completion of a non-brokered private placement, raising $470,000 through the issuance of 23,500,000 units at $0.02 per unit. This financial move supports Abacus’s ongoing projects, including their interests in copper and gold properties in B.C. and Nevada, potentially strengthening their market position and providing capital for future development.

Abacus Mining Expands Private Placement to Boost Exploration Efforts

Abacus Mining & Exploration Corporation has announced a further increase in its non-brokered private placement offering to 23,500,000 units, aiming to raise up to $470,000. The proceeds will be used for exploration and general working capital, enhancing the company’s operational capabilities and potentially strengthening its market position in the copper and gold sectors. The offering, subject to TSX Venture Exchange approval, includes common shares and warrants, with securities subject to a four-month hold period under Canadian law.

Abacus Mining Expands Private Placement to $460,000

Abacus Mining & Exploration Corporation has announced an increase in its non-brokered private placement offering from $350,000 to $460,000 by issuing up to 23,000,000 units. Each unit includes one common share and one non-transferable warrant, with proceeds intended for exploration and general working capital. The company recently acquired new properties in Nevada and holds a significant interest in the Ajax copper-gold project in B.C. The offering is subject to TSX Venture Exchange approval and aims to capitalize on available prospectus exemptions to existing shareholders.

Abacus Mining Announces $350,000 Private Placement for Exploration

Abacus Mining & Exploration Corporation has announced a non-brokered private placement to raise up to $350,000 through the issuance of 17,500,000 units at $0.02 per unit. The funds will support exploration and general working capital, with the offering subject to TSX Venture Exchange approval. This financing move comes as Abacus continues to focus on its copper and gold projects, including the recently acquired Willow property and its interest in the Ajax project, which is undergoing efforts for potential resubmission of its environmental application.

Abacus Mining Grants Stock Options to Align Stakeholder Interests

Abacus Mining & Exploration Corporation has announced the grant of stock options to its directors, officers, employees, and consultants as part of its annual compensation review. This move allows for the acquisition of up to 2,865,000 shares, exercisable at $0.05 per share over five years, and is intended to align the interests of the company’s stakeholders with its long-term growth objectives.