Alphamin Resources (CVE:AFM) Trading Up 9.1% – Still a Buy?

Alphamin Resources Corp. (CVE:AFM)’s share price rose 9.1% during mid-day trading on Wednesday . The company traded as high as C$0.61 and last traded at C$0.60. Approximately 1,233,465 shares traded hands during mid-day trading, a decline of 6% from the average daily volume of 1,311,105 shares. The stock had previously closed at C$0.55.

Alphamin Resources Stock Performance

The company has a current ratio of 1.28, a quick ratio of 2.03 and a debt-to-equity ratio of 21.69. The stock has a market capitalization of C$753.93 million, a price-to-earnings ratio of 10.31 and a beta of 1.21. The firm’s fifty day moving average price is C$0.69 and its 200 day moving average price is C$0.99.

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.