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Alphamin Resources (CVE:AFM) Stock Price Up 23.9% - Time to Buy?

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Alphamin Resources Corp. (CVE:AFM - Get Free Report)'s share price rose 23.9% during trading on Friday . The company traded as high as C$0.59 and last traded at C$0.57. Approximately 5,307,589 shares were traded during trading, an increase of 370% from the average daily volume of 1,128,308 shares. The stock had previously closed at C$0.46.

Alphamin Resources Stock Performance

The stock has a market cap of C$475.69 million, a PE ratio of 6.50 and a beta of 1.21. The company has a quick ratio of 2.03, a current ratio of 1.28 and a debt-to-equity ratio of 21.69. The stock has a 50-day moving average of C$0.87 and a 200 day moving average of C$1.05.

About Alphamin Resources

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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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