Alphamin Resources (CVE:AFM) Trading 25% Higher – What’s Next?

Alphamin Resources Corp. (CVE:AFMGet Free Report) was up 25% on Friday . The company traded as high as C$0.59 and last traded at C$0.58. Approximately 3,374,146 shares traded hands during mid-day trading, an increase of 213% from the average daily volume of 1,077,217 shares. The stock had previously closed at C$0.46.

Alphamin Resources Price Performance

The company has a fifty day moving average of C$0.90 and a 200-day moving average of 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. The stock has a market cap of C$511.59 million, a PE ratio of 6.99 and a beta of 1.21.

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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