Alliance Mining (CVE:ALM) Sets New 52-Week Low – Time to Sell?

Alliance Mining Corp. (CVE:ALMGet Free Report) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$0.07 and last traded at C$0.07, with a volume of 2000 shares trading hands. The stock had previously closed at C$0.09.

Alliance Mining Price Performance

The stock’s fifty day moving average price is C$0.08 and its 200 day moving average price is C$0.10. The stock has a market capitalization of C$611,800.00, a P/E ratio of -0.58 and a beta of 0.62.

About Alliance Mining

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Alliance Mining Corp. engages in the acquisition, exploration, and development of mineral properties in Canada. The company holds 50% interest in the Greenbelt Property comprising 27 contiguous mining claims covering an area of 410 hectares located south of Bissett, Manitoba. It also has an option agreement to purchase a 100% interest in the Moose Gold Property located in the Bisset Gold Mining Camp, Manitoba.

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