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Alphamin Resources (CVE:AFM) Shares Down 38.7% - What's Next?

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Alphamin Resources Corp. (CVE:AFM - Get Free Report) shares were down 38.7% during mid-day trading on Friday . The stock traded as low as C$0.43 and last traded at C$0.46. Approximately 9,804,708 shares traded hands during trading, an increase of 838% from the average daily volume of 1,044,722 shares. The stock had previously closed at C$0.75.

Alphamin Resources Stock Performance

The company has a market cap of C$511.59 million, a P/E ratio of 6.99 and a beta of 1.21. The firm has a 50 day moving average price of C$0.90 and a 200-day moving average price of C$1.05. The company has a debt-to-equity ratio of 21.69, a quick ratio of 2.03 and a current ratio of 1.28.

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.

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