Alphamin Resources (CVE:AFM) Trading Down 17.5% – What’s Next?

Alphamin Resources Corp. (CVE:AFMGet Free Report) shares were down 17.5% during mid-day trading on Monday . The stock traded as low as C$0.45 and last traded at C$0.47. Approximately 3,340,728 shares were traded during trading, an increase of 187% from the average daily volume of 1,162,866 shares. The stock had previously closed at C$0.57.

Alphamin Resources Stock Performance

The business’s fifty day moving average price is C$0.87 and its 200-day moving average price is C$1.05. The stock has a market cap of C$502.62 million, a PE ratio of 6.87 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.

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