Shares of Alphamin Resources Corp. (CVE:AFM – Get Free Report) were up 23.9% on Saturday . The stock traded as high as C$0.59 and last traded at C$0.57. Approximately 5,307,589 shares traded hands during mid-day 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 Stock Up 23.9 %
The company has a current ratio of 1.28, a quick ratio of 2.03 and a debt-to-equity ratio of 21.69. 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 50 day simple moving average of C$0.90 and a two-hundred day simple moving average of C$1.05.
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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