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

Shares of Alphamin Resources Corp. (CVE:AFMGet Free Report) were down 18.4% on Monday . The company traded as low as C$0.45 and last traded at C$0.47. Approximately 3,372,228 shares traded hands during mid-day 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 Price Performance

The company has a debt-to-equity ratio of 21.69, a quick ratio of 2.03 and a current ratio of 1.28. The company has a 50-day moving average price of C$0.89 and a 200-day moving average price of C$1.05. The firm has a market capitalization of C$417.35 million, a P/E ratio of 5.71 and a beta of 1.21.

About Alphamin Resources

(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.

Further Reading

Receive News & Ratings for Alphamin Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphamin Resources and related companies with MarketBeat.com's FREE daily email newsletter.