Alphamin Resources Corp. (CVE:AFM – Get Free Report)’s stock price shot up 23.9% during trading on Saturday . The stock traded as high as C$0.59 and last traded at C$0.57. 5,307,589 shares changed 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 Price Performance
The business has a 50-day simple moving average of C$0.90 and a two-hundred day simple moving average of C$1.05. The company has a quick ratio of 2.03, a current ratio of 1.28 and a debt-to-equity ratio of 21.69. The stock 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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