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Alphamin Resources (CVE:AFM) Stock Price Up 25% - Here's What Happened

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Alphamin Resources Corp. (CVE:AFM - Get Free Report)'s stock price rose 25% during trading on Friday . The stock traded as high as C$0.59 and last traded at C$0.58. Approximately 4,997,964 shares were traded during mid-day trading, an increase of 346% from the average daily volume of 1,120,273 shares. The stock had previously closed at C$0.46.

Alphamin Resources Stock Performance

The company has a debt-to-equity ratio of 21.69, a quick ratio of 2.03 and a current ratio of 1.28. The firm has a market cap of C$475.69 million, a P/E ratio of 6.50 and a beta of 1.21. The firm's fifty day moving average price is C$0.87 and its 200 day moving average price is C$1.05.

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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