Alphamin Resources (CVE:AFM) Shares Down 7.2% – Should You Sell?

Alphamin Resources Corp. (CVE:AFM)’s share price traded down 7.2% during mid-day trading on Friday . The company traded as low as C$0.45 and last traded at C$0.45. 1,237,578 shares traded hands during mid-day trading, an increase of 3% from the average session volume of 1,207,295 shares. The stock had previously closed at C$0.49.

Alphamin Resources Price Performance

The stock has a fifty day moving average of C$0.84 and a 200-day moving average of C$1.04. 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 firm has a market capitalization of C$403.89 million, a P/E ratio of 5.52 and a beta of 1.21.

Alphamin Resources Company Profile

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.