TSXV:AME

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Abacus Mining & Exploration

Executive Summary

Abacus Mining & Exploration Corporation, an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada. More Details


Snowflake Analysis

Imperfect balance sheet with weak fundamentals.

Share Price & News

How has Abacus Mining & Exploration's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AME's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-22.6%

AME

-6.3%

CA Metals and Mining

-4.5%

CA Market


1 Year Return

71.4%

AME

40.3%

CA Metals and Mining

-8.8%

CA Market

Return vs Industry: AME exceeded the Canadian Metals and Mining industry which returned 40.3% over the past year.

Return vs Market: AME exceeded the Canadian Market which returned -8.8% over the past year.


Shareholder returns

AMEIndustryMarket
7 Day-22.6%-6.3%-4.5%
30 Day-33.3%-6.4%-3.8%
90 Day-46.7%-10.3%-3.3%
1 Year71.4%71.4%41.4%40.3%-5.5%-8.8%
3 Year-83.3%-83.3%45.6%42.7%0.5%-9.2%
5 Year-66.7%-66.7%138.3%131.2%28.7%8.9%

Price Volatility Vs. Market

How volatile is Abacus Mining & Exploration's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Abacus Mining & Exploration undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Abacus Mining & Exploration is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Abacus Mining & Exploration has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of AME's management and see if the CEO's compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don't know where to start, we recommend reading through Abacus Mining & Exploration regulatory filings.
  • Explore potentially undervalued companies in the Materials industry.

Future Growth

How is Abacus Mining & Exploration forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

24.6%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Abacus Mining & Exploration has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Abacus Mining & Exploration performed over the past 5 years?

7.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AME is currently unprofitable.

Growing Profit Margin: AME is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AME is unprofitable, but has reduced losses over the past 5 years at a rate of 7.9% per year.

Accelerating Growth: Unable to compare AME's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AME is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (48.1%).


Return on Equity

High ROE: AME's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Abacus Mining & Exploration's financial position?


Financial Position Analysis

Short Term Liabilities: AME has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: AME has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: AME has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: AME's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: AME has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: AME is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.


Next Steps

Dividend

What is Abacus Mining & Exploration current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate AME's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AME's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AME's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AME's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AME's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.9yrs

Average board tenure


CEO

Abacus Mining & Exploration has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Michael McInnis
Executive Chairman6.67yrsCA$197.38k1.98%
CA$ 197.6k
Thomas McKeever
Independent Director13.58yrsCA$49.09k0.065%
CA$ 6.5k
Kerry Spong
Independent Director5.08yrsCA$22.50k0.45%
CA$ 45.2k
John McConnell
Independent Director5.08yrsCA$22.50k1.11%
CA$ 111.2k

5.9yrs

Average Tenure

73yo

Average Age

Experienced Board: AME's board of directors are considered experienced (5.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: AME insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 42.9%.


Top Shareholders

Company Information

Abacus Mining & Exploration Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Abacus Mining & Exploration Corporation
  • Ticker: AME
  • Exchange: TSXV
  • Founded:
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$9.992m
  • Shares outstanding: 74.01m
  • Website: https://www.amemining.com

Location

  • Abacus Mining & Exploration Corporation
  • 1050 West Pender Street
  • Suite 1000
  • Vancouver
  • British Columbia
  • V6E 3S7
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AMETSXV (TSX Venture Exchange)YesCommon SharesCACADSep 1988
DGV2DB (Deutsche Boerse AG)YesCommon SharesDEEURSep 1988
ABCF.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDSep 1988
0UFPLSE (London Stock Exchange)YesCommon SharesGBCADSep 1988

Biography

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% i ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/28 23:59
End of Day Share Price2020/10/28 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.