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