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Alphamin Resources (CVE:AFM) Shares Up 21.7% - Here's What Happened

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Alphamin Resources Corp. (CVE:AFM - Get Free Report) was up 21.7% during mid-day trading on Friday . The company traded as high as C$0.57 and last traded at C$0.56. Approximately 3,062,101 shares were traded during trading, an increase of 184% from the average daily volume of 1,077,217 shares. The stock had previously closed at C$0.46.

Alphamin Resources Stock Performance

The company has a market capitalization of C$448.77 million, a P/E ratio of 6.14 and a beta of 1.21. The stock has a fifty day simple moving average of C$0.89 and a 200-day simple moving average of C$1.05. The company has a quick ratio of 2.03, a current ratio of 1.28 and a debt-to-equity ratio of 21.69.

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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