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Alphamin Resources (CVE:AFM) Stock Passes Above 50 Day Moving Average - Time to Sell?

Alphamin Resources logo with Basic Materials background

Shares of Alphamin Resources Corp. (CVE:AFM - Get Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$1.12 and traded as high as C$1.12. Alphamin Resources shares last traded at C$1.12, with a volume of 392,529 shares changing hands.

Alphamin Resources Stock Up 5.2 %

The firm's 50-day moving average price is C$1.12 and its 200 day moving average price is C$1.11. The company has a current ratio of 1.06, a quick ratio of 2.03 and a debt-to-equity ratio of 21.27. The company has a market capitalization of C$1.43 billion, a price-to-earnings ratio of 18.67 and a beta of 1.21.

Alphamin Resources Company Profile

(Get Free Report)

Alphamin Resources Corp., together with its subsidiaries, engages in the production and sale of tin concentrates. Its principal project is the Bisie tin mine located in the Democratic Republic of Congo. The company was formerly known as La Plata Gold Corporation and changed its name to Alphamin Resources Corp.

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