Alphamin Resources (CVE:AFM) Trading Down 18.4% – Time to Sell?

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

Alphamin Resources Price Performance

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 stock has a 50 day moving average price of C$0.89 and a 200-day moving average price of C$1.05. The stock has a market capitalization of C$417.35 million, a price-to-earnings ratio of 5.71 and a beta of 1.21.

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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