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Alphamin Resources (CVE:AFM) Shares Up 23.9% - Still a Buy?

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Alphamin Resources Corp. (CVE:AFM - Get Free Report)'s stock price shot up 23.9% on Saturday . The stock traded as high as C$0.59 and last traded at C$0.57. 5,307,589 shares traded hands during trading, an increase of 370% from the average session volume of 1,128,308 shares. The stock had previously closed at C$0.46.

Alphamin Resources Stock Performance

The firm has a 50 day moving average of C$0.87 and a two-hundred day moving average of C$1.05. The stock has a market cap of C$489.16 million, a P/E ratio of 6.69 and a beta of 1.21. The company has a debt-to-equity ratio of 21.69, a quick ratio of 2.03 and a current ratio of 1.28.

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.

Further Reading

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