Alphamin Resources Corp. (CVE:AFM – Get Free Report) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$1.42 and traded as low as C$1.41. Alphamin Resources shares last traded at C$1.50, with a volume of 608,436 shares changing hands.
Alphamin Resources Stock Up 6.4%
The company has a debt-to-equity ratio of 11.57, a current ratio of 2.31 and a quick ratio of 2.02. The company has a fifty day moving average price of C$1.42 and a 200 day moving average price of C$1.34. The company has a market cap of C$1.93 billion, a PE ratio of 10.24 and a beta of 0.65.
Insider Buying and Selling at Alphamin Resources
In other news, Director Charles Denby Stockton Needham sold 200,000 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of C$1.44, for a total value of C$288,000.00. Following the transaction, the director owned 1,499,214 shares of the company’s stock, valued at C$2,158,868.16. This represents a 11.77% decrease in their position. Also, Director Sean Norman Naylor sold 1,000,000 shares of the firm’s stock in a transaction on Friday, June 19th. The shares were sold at an average price of C$1.45, for a total transaction of C$1,450,000.00. Following the sale, the director owned 1,000,000 shares in the company, valued at approximately C$1,450,000. This trade represents a 50.00% decrease in their position. Insiders sold a total of 5,165,500 shares of company stock worth $7,393,500 over the last three months. 58.59% of the stock is owned by insiders.
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. in October 2008. Alphamin Resources Corp. was incorporated in 1981 and is headquartered in Grand Baie, Mauritius.
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