Alphamin Resources (CVE:AFM) Shares Down 33.3% - Here's Why

Shares of Alphamin Resources Corp. (CVE:AFM - Get Free Report) traded down 33.3% during mid-day trading on Thursday . The company traded as low as C$0.46 and last traded at C$0.50. 3,457,253 shares were traded during mid-day trading, an increase of 282% from the average session volume of 903,904 shares. The stock had previously closed at C$0.75.

Alphamin Resources Stock Performance

The company has a debt-to-equity ratio of 21.69, a current ratio of 1.28 and a quick ratio of 2.03. The firm has a fifty day simple moving average of C$0.92 and a 200 day simple moving average of C$1.06. The company has a market cap of C$403.89 million, a price-to-earnings ratio of 5.52 and a beta of 1.21.

About Alphamin Resources

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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