Alphamin Resources (CVE:AFM) Shares Cross Above 50-Day Moving Average – Time to Sell?

Alphamin Resources Corp. (CVE:AFM) passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of C$1.46 and traded as high as C$1.46. Alphamin Resources shares last traded at C$1.46, with a volume of 618,588 shares traded.

Alphamin Resources Stock Performance

The stock’s 50 day moving average price is C$1.46 and its 200 day moving average price is C$1.42. The company has a debt-to-equity ratio of 10.15, a quick ratio of 2.02 and a current ratio of 1.68. The company has a market capitalization of C$1.88 billion, a P/E ratio of 8.52 and a beta of 0.56.

Insiders Place Their Bets

In other Alphamin Resources news, insider Jac Van Heerden sold 390,500 shares of the company’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of C$1.52, for a total transaction of C$593,560.00. Also, Director Sean Norman Naylor sold 500,000 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of C$1.60, for a total transaction of C$800,000.00. Insiders have sold 1,070,100 shares of company stock valued at $1,662,960 in the last three months. 58.59% of the stock is owned by insiders.

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.