Shares of Alphamin Resources Corp. (CVE:AFM – Get Free Report) were up 3.3% during mid-day trading on Monday. The stock traded as high as C$1.30 and last traded at C$1.26. 562,903 shares traded hands during trading, a decline of 52% from the average session volume of 1,168,262 shares. The stock had previously closed at C$1.22.
Alphamin Resources Price Performance
The company has a current ratio of 1.68, a quick ratio of 2.02 and a debt-to-equity ratio of 10.15. The stock has a market capitalization of C$1.65 billion, a PE ratio of 7.47 and a beta of 0.61. The business has a fifty day moving average price of C$1.39 and a 200-day moving average price of C$1.38.
Insiders Place Their Bets
In other news, insider Jac Van Heerden sold 179,600 shares of the stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of C$1.50, for a total transaction of C$269,400.00. 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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