Alphamin Resources (CVE:AFM) Stock Price Down 18.4% – What’s Next?

Alphamin Resources Corp. (CVE:AFM) was down 18.4% on Monday . The company 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 Stock Performance

The company has a market capitalization of C$484.67 million, a PE ratio of 6.63 and a beta of 1.21. The business’s fifty day moving average is C$0.87 and its two-hundred day moving average is C$1.05. The company has a current ratio of 1.28, a quick ratio of 2.03 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.