Alphamin Resources (CVE:AFM) Stock Price Down 2.1% – Time to Sell?

Alphamin Resources Corp. (CVE:AFM)’s stock price fell 2.1% on Thursday . The company traded as low as C$0.92 and last traded at C$0.92. 116,683 shares were traded during mid-day trading, a decline of 77% from the average session volume of 504,189 shares. The stock had previously closed at C$0.94.

Alphamin Resources Price Performance

The firm has a market cap of C$1.16 billion, a PE ratio of 15.17 and a beta of 1.21. The stock has a 50 day simple moving average of C$1.09 and a two-hundred day simple moving average of C$1.10. The company has a debt-to-equity ratio of 21.27, a quick ratio of 2.03 and a current ratio of 1.06.

Alphamin Resources (CVE:AFM) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$0.03 earnings per share (EPS) for the quarter. Alphamin Resources had a return on equity of 17.87% and a net margin of 16.02%. Sell-side analysts expect that Alphamin Resources Corp. will post 0.1272534 earnings per share for the current year.

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.