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

Alphamin Resources Corp. (CVE:AFM – Get Free Report)’s stock price fell 38.7% on Thursday . The company traded as low as C$0.43 and last traded at C$0.46. 9,804,708 shares changed hands during trading, an increase of 840% from the average session volume of 1,043,452 shares. The stock had previously closed at C$0.75.

Alphamin Resources Stock Down 38.7 %

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

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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