Alliance Mining (CVE:ALM) Shares Up 128.6% – Here’s Why

Shares of Alliance Mining Corp. (CVE:ALM) traded up 128.6% during mid-day trading on Tuesday . The company traded as high as C$0.24 and last traded at C$0.24. 217,010 shares traded hands during mid-day trading, an increase of 854% from the average session volume of 22,753 shares. The stock had previously closed at C$0.11.

Alliance Mining Stock Up 128.6%

The business’s 50-day simple moving average is C$0.17 and its 200-day simple moving average is C$0.19. The stock has a market cap of C$2.10 million, a PE ratio of -2.40 and a beta of -0.85.

Alliance Mining Company Profile

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.