Alphamin Resources Corp. (CVE:AFM – Get Free Report) shares shot up 8.7% during trading on Friday . The stock traded as high as C$0.51 and last traded at C$0.50. 2,239,984 shares changed hands during trading, an increase of 111% from the average session volume of 1,063,166 shares. The stock had previously closed at C$0.46.
Alphamin Resources Stock Up 19.6 %
The business has a 50-day simple moving average of C$0.91 and a 200-day simple moving average of C$1.06. The company has a debt-to-equity ratio of 21.69, a quick ratio of 2.03 and a current ratio of 1.28. The company has a market cap of C$493.64 million, a price-to-earnings ratio of 6.75 and a beta of 1.21.
About Alphamin Resources
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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