Alphamin Resources (CVE:AFM) Shares Up 28.3% – Here’s Why

Alphamin Resources Corp. (CVE:AFMGet Free Report) shares rose 28.3% on Wednesday . The company traded as high as C$0.83 and last traded at C$0.77. Approximately 3,758,238 shares were traded during trading, an increase of 179% from the average daily volume of 1,345,297 shares. The stock had previously closed at C$0.60.

Alphamin Resources Price Performance

The stock has a market capitalization of C$735.98 million, a P/E ratio of 10.06 and a beta of 1.21. 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 company’s 50-day simple moving average is C$0.69 and its 200-day simple moving average is C$0.98.

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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