Alphamin Resources (CVE:AFM) Share Price Crosses Below Fifty Day Moving Average of $0.20

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Alphamin Resources Corp (CVE:AFM) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.20 and traded as low as $0.14. Alphamin Resources shares last traded at $0.14, with a volume of 24,000 shares changing hands.

The company has a quick ratio of 0.10, a current ratio of 0.46 and a debt-to-equity ratio of 56.81. The business has a fifty day simple moving average of C$0.20 and a two-hundred day simple moving average of C$0.19. The company has a market capitalization of $121.25 million and a price-to-earnings ratio of -26.67.

About Alphamin Resources (CVE:AFM)

Alphamin Resources Corp. engages in the acquisition, exploration, evaluation, and development of mineral properties in the Democratic Republic of the Congo. The company primarily explores for tin. It holds interest in the Bisie Tin project comprising five exploration permits and one mining/exploitation permit located in the Walikale Territory, Goma.

Further Reading: Asset Allocation

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