Alphamin Resources Corp. (CVE:AFM – Get Free Report)’s stock price dropped 38.7% on Friday . The company traded as low as C$0.43 and last traded at C$0.46. Approximately 9,804,708 shares changed hands during mid-day trading, an increase of 838% from the average daily volume of 1,044,722 shares. The stock had previously closed at C$0.75.
Alphamin Resources Stock Up 23.9 %
The business has a 50-day simple moving average of C$0.90 and a two-hundred day simple moving average of C$1.05. The stock has a market capitalization of C$511.59 million, a P/E ratio of 6.99 and a beta of 1.21. The company has a quick ratio of 2.03, a current ratio of 1.28 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.
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