Shares of Alphamin Resources Corp. (CVE:AFM – Get Free Report) rose 23.9% on Saturday . The company traded as high as C$0.59 and last traded at C$0.57. Approximately 5,307,589 shares were traded during mid-day trading, an increase of 370% from the average daily volume of 1,128,308 shares. The stock had previously closed at C$0.46.
Alphamin Resources Stock Up 23.9 %
The company has a debt-to-equity ratio of 21.69, a current ratio of 1.28 and a quick ratio of 2.03. The firm has a market capitalization of C$511.59 million, a price-to-earnings ratio of 6.99 and a beta of 1.21. The business has a fifty day moving average price of C$0.90 and a two-hundred day moving average price of C$1.05.
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.
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