Alphamin Resources (CVE:AFM) Trading Down 18.4% – What’s Next?

Alphamin Resources Corp. (CVE:AFM)’s share price fell 18.4% during mid-day trading on Tuesday . The stock traded as low as C$0.45 and last traded at C$0.47. 3,372,228 shares were traded during trading, an increase of 188% from the average session volume of 1,171,460 shares. The stock had previously closed at C$0.57.

Alphamin Resources Stock Down 18.4 %

The firm has a fifty day simple moving average of C$0.89 and a 200-day simple moving average of C$1.05. The firm has a market cap of C$417.35 million, a price-to-earnings ratio of 5.71 and a beta of 1.21. The company has a debt-to-equity ratio of 21.69, a quick ratio of 2.03 and a current ratio of 1.28.

Alphamin Resources Company Profile

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.