Alphamin Resources (CVE:AFM) Stock Price Down 11.3% – Here’s What Happened

Alphamin Resources Corp. (CVE:AFM)’s share price was down 11.3% during mid-day trading on Friday . The stock traded as low as C$0.42 and last traded at C$0.43. Approximately 2,578,989 shares changed hands during mid-day trading, an increase of 109% from the average daily volume of 1,234,107 shares. The stock had previously closed at C$0.49.

Alphamin Resources Price Performance

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 cap of C$403.89 million, a P/E ratio of 5.52 and a beta of 1.21. The firm’s fifty day moving average price is C$0.84 and its 200-day moving average price is C$1.04.

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.