Shares of Alphamin Resources Corp. (CVE:AFM – Get Free Report) fell 18.4% on Monday . The company traded as low as C$0.45 and last traded at C$0.47. 3,372,228 shares traded hands during trading, an increase of 188% from the average session volume of 1,171,460 shares. The stock had previously closed at C$0.57.
Alphamin Resources Stock Down 18.4 %
The firm has a 50 day moving average price of C$0.89 and a 200-day moving average price of C$1.05. The firm has a market cap of C$417.35 million, a price-to-earnings ratio of 5.71 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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