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Alphamin Resources (CVE:AFM) Trading Down 18.4% - Here's Why

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Alphamin Resources Corp. (CVE:AFM - Get Free Report) fell 18.4% during mid-day trading on Tuesday . The company traded as low as C$0.45 and last traded at C$0.47. 3,372,228 shares traded 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 Price Performance

The business has a fifty day moving average of C$0.85 and a 200 day moving average of C$1.04. The company has a debt-to-equity ratio of 21.69, a current ratio of 1.28 and a quick ratio of 2.03. The stock has a market cap of C$403.89 million, a PE ratio of 5.52 and a beta of 1.21.

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.

Further Reading

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