Alphamin Resources (CVE:AFM) Stock Price Down 18.4% – Time to Sell?

Alphamin Resources Corp. (CVE:AFMGet Free Report)’s stock price traded down 18.4% during trading on Tuesday . The company traded as low as C$0.45 and last traded at C$0.47. 3,372,228 shares changed 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 Trading Down 18.4 %

The firm has a market capitalization of C$417.35 million, a P/E ratio of 5.71 and a beta of 1.21. The business’s 50-day moving average is C$0.89 and its 200 day moving average is C$1.05. The company has a debt-to-equity ratio of 21.69, a current ratio of 1.28 and a quick ratio of 2.03.

Alphamin Resources Company Profile

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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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