Alphamin Resources (CVE:AFM) Sets New 1-Year High – What’s Next?

Alphamin Resources Corp. (CVE:AFM)’s stock price hit a new 52-week high on Monday . The stock traded as high as C$1.32 and last traded at C$1.30, with a volume of 424540 shares. The stock had previously closed at C$1.26.

Alphamin Resources Stock Performance

The company has a current ratio of 1.28, a quick ratio of 2.03 and a debt-to-equity ratio of 21.69. The firm’s fifty day moving average price is C$1.13 and its 200-day moving average price is C$1.05. The firm has a market cap of C$1.76 billion, a price-to-earnings ratio of 14.89 and a beta of 0.42.

Alphamin Resources Company Profile

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.