Alphamin Resources (CVE:AFM) Shares Up 23.9% – Time to Buy?

Alphamin Resources Corp. (CVE:AFMGet Free Report)’s stock price traded up 23.9% on Friday . The company traded as high as C$0.59 and last traded at C$0.57. 5,307,589 shares were traded during trading, an increase of 370% from the average session volume of 1,128,308 shares. The stock had previously closed at C$0.46.

Alphamin Resources Stock Performance

The stock has a market cap of C$511.59 million, a price-to-earnings ratio of 6.99 and a beta of 1.21. The stock’s 50 day moving average is C$0.91 and its two-hundred day moving average is C$1.06. The company has a current ratio of 1.28, a quick ratio of 2.03 and a debt-to-equity ratio of 21.69.

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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