Alphamin Resources Corp. (CVE:AFM - Get Free Report)'s share price dropped 38.7% during mid-day trading on Friday . The company traded as low as C$0.43 and last traded at C$0.46. Approximately 9,804,708 shares were traded during mid-day trading, an increase of 838% from the average daily volume of 1,044,722 shares. The stock had previously closed at C$0.75.
Alphamin Resources Stock Down 18.4 %
The firm's 50-day moving average price is C$0.90 and its 200 day moving average price is C$1.05. The firm has a market capitalization of C$417.35 million, a price-to-earnings ratio of 5.71 and a beta of 1.21. The company has a debt-to-equity ratio of 21.69, a current ratio of 1.28 and a quick ratio of 2.03.
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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