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Alphamin Resources (CVE:AFM) Stock Price Down 18.4% - Here's What Happened

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Alphamin Resources Corp. (CVE:AFM - Get Free Report)'s share price fell 18.4% during mid-day trading on Monday . The company traded as low as C$0.45 and last traded at C$0.47. 3,372,228 shares changed hands during trading, an increase of 188% from the average session volume of 1,171,460 shares. The stock had previously closed at C$0.57.

Alphamin Resources Trading Down 9.3 %

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 stock's 50-day simple moving average is C$0.85 and its 200-day simple moving average is C$1.04. The firm has a market capitalization of C$394.91 million, a PE ratio of 5.40 and a beta of 1.21.

Alphamin Resources Company Profile

(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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