Alphamin Resources Corp. (CVE:AFM – Get Free Report) dropped 38.7% during mid-day trading on Thursday . The company traded as low as C$0.43 and last traded at C$0.46. Approximately 9,804,708 shares changed hands during trading, an increase of 850% from the average daily volume of 1,032,390 shares. The stock had previously closed at C$0.75.
Alphamin Resources Price Performance
The company has a current ratio of 1.28, a quick ratio of 2.03 and a debt-to-equity ratio of 21.69. The company has a market capitalization of C$511.59 million, a P/E ratio of 6.99 and a beta of 1.21. The business’s fifty day moving average price is C$0.91 and its 200-day moving average price is C$1.06.
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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