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Alphamin Resources (CVE:AFM) Stock Price Down 18.4% - Here's What Happened

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Alphamin Resources Corp. (CVE:AFM - Get Free Report) was down 18.4% during trading on Monday . The stock traded as low as C$0.45 and last traded at C$0.47. Approximately 3,372,228 shares changed hands during trading, an increase of 188% from the average daily volume of 1,171,460 shares. The stock had previously closed at C$0.57.

Alphamin Resources Stock Performance

The stock's 50 day moving average price is C$0.85 and its two-hundred day moving average price is C$1.04. The company has a current ratio of 1.28, a quick ratio of 2.03 and a debt-to-equity ratio of 21.69. The firm has a market capitalization of C$403.89 million, a price-to-earnings ratio of 5.52 and a beta of 1.21.

About Alphamin Resources

(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.

Further Reading

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