Shares of Alphamin Resources Corp. (CVE:AFM – Get Free Report) dropped 18.4% on Tuesday . The stock traded as low as C$0.45 and last traded at C$0.47. Approximately 3,372,228 shares were traded during mid-day trading, an increase of 188% from the average daily volume of 1,171,460 shares. The stock had previously closed at C$0.57.
Alphamin Resources Stock Performance
The company has a market capitalization of C$417.35 million, a P/E ratio of 5.71 and a beta of 1.21. The firm has a 50 day moving average price of C$0.89 and a two-hundred day moving average price of C$1.05. The company has a debt-to-equity ratio of 21.69, a quick ratio of 2.03 and a current ratio of 1.28.
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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