Alphamin Resources (CVE:AFM) Shares Up 26.7% – Should You Buy?

by · The Cerbat Gem

Alphamin Resources Corp. (CVE:AFM – Get Free Report)’s share price rose 26.7% during mid-day trading on Wednesday . The stock traded as high as C$0.83 and last traded at C$0.76. Approximately 3,539,945 shares traded hands during trading, an increase of 166% from the average daily volume of 1,333,133 shares. The stock had previously closed at C$0.60.

Alphamin Resources Stock Down 2.4 %

The company has a debt-to-equity ratio of 21.69, a current ratio of 1.28 and a quick ratio of 2.03. The company has a market capitalization of C$735.98 million, a PE ratio of 10.06 and a beta of 1.21. The business’s 50 day simple moving average is C$0.69 and its 200 day simple moving average is C$0.98.

About Alphamin Resources

(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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