Alphamin Resources (CVE:AFM) Stock Price Down 5.1% – Here’s Why

Alphamin Resources Corp. (CVE:AFM)’s share price fell 5.1% during trading on Tuesday . The stock traded as low as C$1.57 and last traded at C$1.57. Approximately 1,182,763 shares traded hands during mid-day trading, a decline of 12% from the average session volume of 1,342,946 shares. The stock had previously closed at C$1.66.

Alphamin Resources Stock Performance

The company has a current ratio of 1.68, a quick ratio of 2.02 and a debt-to-equity ratio of 10.15. The stock’s 50 day moving average is C$1.45 and its 200 day moving average is C$1.36. The stock has a market capitalization of C$1.93 billion, a price-to-earnings ratio of 8.76 and a beta of 0.65.

Insider Activity

In other news, Director Sean Norman Naylor sold 500,000 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of C$1.60, for a total value of C$800,000.00. Insiders have sold a total of 3,130,200 shares of company stock valued at $4,532,280 over the last quarter. 58.59% of the stock is owned by corporate insiders.

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. in October 2008. Alphamin Resources Corp. was incorporated in 1981 and is headquartered in Grand Baie, Mauritius.