Alphamin Resources (CVE:AFM) Shares Pass Above 50 Day Moving Average of $1.03

Shares of Alphamin Resources Corp. (CVE:AFM) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$1.03 and traded as high as C$1.04. Alphamin Resources shares last traded at C$1.04, with a volume of 53,590 shares traded.

Alphamin Resources Price Performance

The business’s 50-day simple moving average is C$1.03 and its two-hundred day simple moving average is C$1.06. The stock has a market cap of C$1.33 billion, a price-to-earnings ratio of 17.33 and a beta of 1.20. The company has a debt-to-equity ratio of 21.27, a current ratio of 1.06 and a quick ratio of 2.03.

Alphamin Resources (CVE:AFM) last released its quarterly earnings data on Friday, August 23rd. The company reported C$0.02 earnings per share for the quarter. The company had revenue of C$142.11 million for the quarter. Alphamin Resources had a return on equity of 17.87% and a net margin of 16.02%. Research analysts expect that Alphamin Resources Corp. will post 0.1092259 earnings per share for the current year.

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.