Alliance Mining (CVE:ALM) Shares Down 16.7% – Here’s What Happened

Alliance Mining Corp. (CVE:ALM) shares dropped 16.7% during mid-day trading on Monday . The company traded as low as C$0.25 and last traded at C$0.25. Approximately 1,500 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 9,964 shares. The stock had previously closed at C$0.30.

Alliance Mining Price Performance

The stock has a fifty day moving average price of C$0.28 and a 200-day moving average price of C$0.23. The company has a market cap of C$2.19 million, a PE ratio of -5.00 and a beta of 1.32.

About Alliance Mining

Alliance Mining Corp. engages in the acquisition, exploration, and development of mineral properties in Canada. The company holds 50% interest in the Greenbelt Property comprising 27 contiguous mining claims covering an area of 410 hectares located south of Bissett, Manitoba. It also has an option agreement to purchase a 100% interest in the Moose Gold Property located in the Bisset Gold Mining Camp, Manitoba. The company was incorporated in 2002 and is headquartered in Vancouver, Canada.