Alphamin Resources (CVE:AFM) Trading Up 9.1% – Here’s Why

Alphamin Resources Corp. (CVE:AFMGet Free Report) shares shot up 9.1% during mid-day trading on Friday . The stock traded as high as C$0.86 and last traded at C$0.84. 1,717,329 shares were traded during mid-day trading, an increase of 27% from the average session volume of 1,351,867 shares. The stock had previously closed at C$0.77.

Alphamin Resources Stock Performance

The stock has a 50-day moving average price of C$0.69 and a 200 day moving average price of C$0.99. 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$753.93 million, a price-to-earnings ratio of 10.31 and a beta of 1.21.

Alphamin Resources Company Profile

(Get Free Report)

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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