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Alphamin Resources (CVE:AFM) Stock Price Up 28.3% - Should You Buy?

Alphamin Resources logo with Basic Materials background

Shares of Alphamin Resources Corp. (CVE:AFM - Get Free Report) shot up 28.3% during mid-day trading on Thursday . The stock traded as high as C$0.83 and last traded at C$0.77. 3,758,238 shares traded hands during mid-day trading, an increase of 179% from the average session volume of 1,346,571 shares. The stock had previously closed at C$0.60.

Alphamin Resources Stock Performance

The company has a market capitalization of C$762.90 million, a PE ratio of 10.43 and a beta of 1.21. The firm has a 50-day moving average of C$0.69 and a two-hundred day moving average of C$0.98. 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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