Shares of Alphamin Resources Corp. (CVE:AFM – Get Free Report) shot up 20% on Wednesday . The stock traded as high as C$0.83 and last traded at C$0.72. 2,503,303 shares traded hands during mid-day trading, an increase of 88% from the average session volume of 1,328,304 shares. The stock had previously closed at C$0.60.
Alphamin Resources Trading Up 23.3 %
The business’s 50-day moving average price is C$0.70 and its 200-day moving average price is C$0.99. The firm has a market capitalization of C$664.17 million, a PE ratio of 9.08 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
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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