Shares of Alphamin Resources Corp. (CVE:AFM – Get Free Report) dropped 18.4% during mid-day trading on Tuesday . The company 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 Price Performance
The stock’s 50-day moving average price is C$0.89 and its 200-day moving average price is C$1.05. The company has a market capitalization of C$417.35 million, a price-to-earnings ratio of 5.71 and a beta of 1.21. The company has a quick ratio of 2.03, a current ratio of 1.28 and a debt-to-equity ratio of 21.69.
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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