Alphamin Resources (CVE:AFM) Trading 28.3% Higher – Still a Buy?

by · The Markets Daily

Alphamin Resources Corp. (CVE:AFM – Get Free Report) shares traded up 28.3% during mid-day trading on Wednesday . The company traded as high as C$0.83 and last traded at C$0.77. 3,758,238 shares changed hands during mid-day trading, an increase of 179% from the average session volume of 1,345,297 shares. The stock had previously closed at C$0.60.

Alphamin Resources Price Performance

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 company has a market capitalization of C$735.98 million, a P/E ratio of 10.06 and a beta of 1.21. The company has a 50 day moving average price of C$0.69 and a 200 day moving average price of 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.

See Also