Shares of Alphamin Resources Corp. (CVE:AFM – Get Free Report) shot up 23.9% on Saturday . The company traded as high as C$0.59 and last traded at C$0.57. 5,307,589 shares traded hands during trading, an increase of 370% from the average session volume of 1,128,308 shares. The stock had previously closed at C$0.46.
Alphamin Resources Trading Up 23.9 %
The business has a 50 day moving average of C$0.90 and a two-hundred day moving average of C$1.05. 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 firm has a market capitalization of C$511.59 million, a price-to-earnings ratio of 6.99 and a beta of 1.21.
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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