Alphamin Resources (CVE:AFM) Shares Up 23.9% – Here’s Why

Alphamin Resources Corp. (CVE:AFMGet Free Report) was up 23.9% on Saturday . The company traded as high as C$0.59 and last traded at C$0.57. Approximately 5,307,589 shares were traded during trading, an increase of 370% from the average daily volume of 1,128,308 shares. The stock had previously closed at C$0.46.

Alphamin Resources Trading Up 23.9 %

The stock has a 50-day simple moving average of C$0.90 and a two-hundred day simple moving average of C$1.05. The firm has a market capitalization of C$511.59 million, a P/E ratio of 6.99 and a beta of 1.21. The company has a current ratio of 1.28, a quick ratio of 2.03 and a debt-to-equity ratio of 21.69.

Alphamin Resources Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Alphamin Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphamin Resources and related companies with MarketBeat.com's FREE daily email newsletter.