Alphamin Resources (CVE:AFM) Trading Down 18.4% – Here’s Why

Alphamin Resources Corp. (CVE:AFMGet Free Report) shares were down 18.4% during mid-day trading on Monday . The stock traded as low as C$0.45 and last traded at C$0.47. Approximately 3,372,228 shares were traded during trading, an increase of 188% from the average daily volume of 1,171,460 shares. The stock had previously closed at C$0.57.

Alphamin Resources Trading Down 1.9 %

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$466.72 million, a PE ratio of 6.38 and a beta of 1.21. The company’s fifty day simple moving average is C$0.86 and its 200-day simple moving average is C$1.04.

Alphamin Resources Company Profile

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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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