Alphamin Resources Corp. (CVE:AFM – Get Free Report)’s share price dropped 38.7% on Thursday . The stock traded as low as C$0.43 and last traded at C$0.46. Approximately 9,804,708 shares changed hands during mid-day trading, an increase of 838% from the average daily volume of 1,044,722 shares. The stock had previously closed at C$0.75.
Alphamin Resources Stock Performance
The company has a debt-to-equity ratio of 21.69, a current ratio of 1.28 and a quick ratio of 2.03. The company has a market cap of C$412.87 million, a price-to-earnings ratio of 5.64 and a beta of 1.21. The firm has a 50 day simple moving average of C$0.92 and a 200-day simple moving average of C$1.06.
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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