Alphamin Resources (CVE:AFM) Stock Price Down 18.4% – Time to Sell?

Alphamin Resources Corp. (CVE:AFM) shares were down 18.4% on Tuesday . The stock traded as low as C$0.45 and last traded at C$0.47. Approximately 3,372,228 shares changed 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 market capitalization of C$417.35 million, a P/E ratio of 5.71 and a beta of 1.21. The company’s 50-day moving average price is C$0.89 and its two-hundred day moving average price is C$1.05. The company has a debt-to-equity ratio of 21.69, a current ratio of 1.28 and a quick ratio of 2.03.

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.