Alphamin Resources (CVE:AFM) Trading Down 38.7% – Here’s Why

Alphamin Resources Corp. (CVE:AFMGet Free Report)’s stock price was down 38.7% during trading on Friday . The company traded as low as C$0.43 and last traded at C$0.46. Approximately 9,804,708 shares were traded during 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 Price Performance

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 cap of C$511.59 million, a price-to-earnings ratio of 6.99 and a beta of 1.21. The stock’s 50 day simple moving average is C$0.90 and its 200-day simple moving average is C$1.05.

About Alphamin Resources

(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.

Further Reading

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.