Alphamin Resources (CVE:AFM) Trading Up 23.9% – Still a Buy?

Alphamin Resources Corp. (CVE:AFMGet Free Report)’s stock price traded up 23.9% during mid-day trading on Saturday . The stock traded as high as C$0.59 and last traded at C$0.57. 5,307,589 shares traded hands during mid-day trading, an increase of 370% from the average session volume of 1,128,308 shares. The stock had previously closed at C$0.46.

Alphamin Resources Price Performance

The stock has a market cap of C$511.59 million, a P/E ratio of 6.99 and a beta of 1.21. The firm has a 50-day moving average price of C$0.90 and a 200-day moving average price of C$1.05. The company has a debt-to-equity ratio of 21.69, a quick ratio of 2.03 and a current ratio of 1.28.

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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