Alphamin Resources (CVE:AFM) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Alphamin Resources Corp. (CVE:AFMGet Free Report)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.09 and traded as low as C$0.83. Alphamin Resources shares last traded at C$0.86, with a volume of 1,113,156 shares changing hands.

Alphamin Resources Price Performance

The stock has a market cap of C$771.88 million, a P/E ratio of 10.55 and a beta of 1.21. 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 company’s fifty day simple moving average is C$1.04 and its 200-day simple moving average is C$1.09.

Alphamin Resources Company Profile

(Get Free Report)

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.

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