Alphamin Resources Corp. (CVE:AFM – Get Free Report)’s stock price dropped 38.7% during trading on Friday . The stock traded as low as C$0.43 and last traded at C$0.46. Approximately 9,804,708 shares were traded 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 business’s 50-day moving average price is C$0.90 and its 200-day moving average price is C$1.05. 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 stock has a market cap of C$511.59 million, a PE 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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