Alphamin Resources (CVE:AFM) Shares Down 38.7% – Here’s Why

by · The Cerbat Gem

Alphamin Resources Corp. (CVE:AFM – Get Free Report)’s share price traded down 38.7% during trading on Thursday . The company traded as low as C$0.43 and last traded at C$0.46. 9,804,708 shares were traded during mid-day trading, an increase of 838% from the average session volume of 1,044,722 shares. The stock had previously closed at C$0.75.

Alphamin Resources Trading Down 38.7 %

The company 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 debt-to-equity ratio of 21.69, a current ratio of 1.28 and a quick ratio of 2.03. The business has a 50 day simple moving average of C$0.92 and a 200 day simple moving average of C$1.06.

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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