Alphamin Resources (CVE:AFM) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Alphamin Resources Corp. (CVE:AFMGet Free Report)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$1.04 and traded as high as C$1.06. Alphamin Resources shares last traded at C$1.05, with a volume of 116,784 shares changing hands.

Alphamin Resources Stock Up 0.5%

The company has a market capitalization of C$1.34 billion, a price-to-earnings ratio of 11.33 and a beta of 0.51. 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 50 day moving average price of C$1.04 and a two-hundred day moving average price of C$0.98.

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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