Alphamin Resources Corp. (CVE:AFM – Get Free Report)’s stock price shot up 9.1% on Thursday . The stock traded as high as C$0.86 and last traded at C$0.84. 1,717,329 shares traded hands during mid-day trading, an increase of 27% from the average session volume of 1,351,867 shares. The stock had previously closed at C$0.77.
Alphamin Resources Price Performance
The company has a debt-to-equity ratio of 21.69, a quick ratio of 2.03 and a current ratio of 1.28. The stock has a market capitalization of C$735.98 million, a price-to-earnings ratio of 10.06 and a beta of 1.21. The business’s 50 day simple moving average is C$0.69 and its 200-day simple moving average is C$0.98.
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.
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