Alphamin Resources (CVE:AFM) Shares Down 14% – Here’s Why

Alphamin Resources Corp. (CVE:AFMGet Free Report)’s stock price traded down 14% on Monday . The stock traded as low as C$0.49 and last traded at C$0.49. 680,928 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 1,112,610 shares. The stock had previously closed at C$0.57.

Alphamin Resources Stock Up 14.0 %

The company has a debt-to-equity ratio of 21.69, a current ratio of 1.28 and a quick ratio of 2.03. The firm’s 50 day moving average is C$0.87 and its two-hundred day moving average is C$1.05. The firm has a market capitalization of C$475.69 million, a P/E ratio of 6.50 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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