Shares of Alphamin Resources Corp. (CVE:AFM – Get Free Report) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$1.29 and traded as low as C$1.07. Alphamin Resources shares last traded at C$1.07, with a volume of 3,233,389 shares traded.
Alphamin Resources Trading Up 7.8%
The business’s 50 day moving average price is C$1.28 and its two-hundred day moving average price is C$1.17. The company has a debt-to-equity ratio of 11.57, a quick ratio of 2.03 and a current ratio of 2.31. The company has a market capitalization of C$1.59 billion, a price-to-earnings ratio of 10.80 and a beta of 0.43.
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.
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