Alphamin Resources (CVE:AFM) Trading Down 7.2% – Here’s What Happened

Alphamin Resources Corp. (CVE:AFMGet Free Report) shares traded down 7.2% on Friday . The company traded as low as C$0.45 and last traded at C$0.45. 1,237,578 shares were traded 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 business’s 50 day moving average is C$0.84 and its two-hundred day moving average is C$1.04. The firm has a market capitalization of C$403.89 million, a PE ratio of 5.52 and a beta of 1.21. The company has a debt-to-equity ratio of 21.69, a current ratio of 1.28 and a quick ratio of 2.03.

About Alphamin Resources

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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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