Alphamin Resources (CVE:AFM) Shares Down 2.1% – Time to Sell?

Alphamin Resources Corp. (CVE:AFM) shares fell 2.1% during trading on Thursday . The stock traded as low as C$0.92 and last traded at C$0.92. 116,683 shares changed hands during trading, a decline of 77% from the average session volume of 504,189 shares. The stock had previously closed at C$0.94.

Alphamin Resources Price Performance

The stock has a market capitalization of C$1.16 billion, a price-to-earnings ratio of 15.17 and a beta of 1.21. The company has a fifty day simple moving average of C$1.10 and a 200 day simple moving average of C$1.11. The company has a debt-to-equity ratio of 21.27, a quick ratio of 2.03 and a current ratio of 1.06.

Alphamin Resources (CVE:AFM) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$0.03 earnings per share for the quarter. Alphamin Resources had a return on equity of 17.87% and a net margin of 16.02%. Equities research analysts forecast that Alphamin Resources Corp. will post 0.1272534 EPS for the current fiscal year.

About Alphamin Resources

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.