Alphamin Resources (CVE:AFM) Shares Down 38.7% – Time to Sell?

by · The Cerbat Gem

Alphamin Resources Corp. (CVE:AFM – Get Free Report) dropped 38.7% during mid-day trading on Thursday . The company traded as low as C$0.43 and last traded at C$0.46. Approximately 8,475,948 shares traded hands during mid-day trading, an increase of 735% from the average daily volume of 1,014,783 shares. The stock had previously closed at C$0.75.

Alphamin Resources Stock Performance

The stock has a market cap of C$412.87 million, a price-to-earnings ratio of 5.64 and a beta of 1.21. The company has a current ratio of 1.28, a quick ratio of 2.03 and a debt-to-equity ratio of 21.69. The stock’s 50-day simple moving average is C$0.92 and its 200-day simple moving average is C$1.06.

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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