Alphamin Resources (CVE:AFM) Shares Up 28.3% – Here’s What Happened

by · The Cerbat Gem

Alphamin Resources Corp. (CVE:AFM – Get Free Report) shares rose 28.3% on Wednesday . The company traded as high as C$0.83 and last traded at C$0.77. Approximately 3,758,238 shares changed hands during mid-day trading, an increase of 179% from the average daily volume of 1,346,571 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 quick ratio of 2.03 and a current ratio of 1.28. The firm has a fifty day simple moving average of C$0.69 and a 200-day simple moving average of C$0.98. The firm has a market cap of C$735.98 million, a price-to-earnings ratio of 10.06 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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