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Alphamin Resources (CVE:AFM) Shares Down 38.7% - Here's Why

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

Alphamin Resources Stock Performance

The stock's 50 day moving average is C$0.92 and its two-hundred day moving average is C$1.06. The stock has a market capitalization of C$412.87 million, a price-to-earnings ratio of 5.64 and a beta of 1.21. The company has a current ratio of 1.28, a quick ratio of 2.03 and a debt-to-equity ratio of 21.69.

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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