Alphamin Resources Corp. (CVE:AFM – Get Free Report)’s share price dropped 38.7% during mid-day trading on Thursday . The company traded as low as C$0.43 and last traded at C$0.46. Approximately 9,804,708 shares traded hands during trading, an increase of 838% from the average daily volume of 1,044,722 shares. The stock had previously closed at C$0.75.
Alphamin Resources Price Performance
The stock has a market capitalization of C$412.87 million, a price-to-earnings ratio of 5.64 and a beta of 1.21. 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 business’s 50 day simple moving average is C$0.92 and its 200-day simple moving average is C$1.06.
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.
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