Alphamin Resources (CVE:AFM) Trading Up 23.9% – Still a Buy?

Shares of Alphamin Resources Corp. (CVE:AFMGet Free Report) were up 23.9% during trading on Saturday . The stock traded as high as C$0.59 and last traded at C$0.57. Approximately 5,307,589 shares were traded during mid-day trading, an increase of 370% from the average daily volume of 1,128,308 shares. The stock had previously closed at C$0.46.

Alphamin Resources Stock Performance

The firm’s 50-day moving average is C$0.91 and its 200 day moving average is C$1.06. The stock has a market cap of C$511.59 million, a PE ratio of 6.99 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.

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.

Further Reading

Receive News & Ratings for Alphamin Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphamin Resources and related companies with MarketBeat.com's FREE daily email newsletter.