Alphamin Resources (CVE:AFM) Shares Down 38.7% – What’s Next?

by · The Cerbat Gem

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

Alphamin Resources Stock Down 38.7 %

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 firm’s 50 day moving average price is C$0.92 and its two-hundred day moving average price is C$1.06. The company has a market capitalization of C$412.87 million, a price-to-earnings ratio of 5.64 and a beta of 1.21.

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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