Alphamin Resources Corp. (CVE:AFM – Get Free Report) shares dropped 18.4% during mid-day trading on Tuesday . The stock 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 firm has a 50 day simple moving average of C$0.89 and a 200-day simple moving average of C$1.05. The company has a quick ratio of 2.03, a current ratio of 1.28 and a debt-to-equity ratio of 21.69. The company has a market cap of C$417.35 million, a PE ratio of 5.71 and a beta of 1.21.
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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