Alliance Mining (CVE:ALM) Reaches New 52-Week High – Still a Buy?

Shares of Alliance Mining Corp. (CVE:ALMGet Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$0.42 and last traded at C$0.36, with a volume of 52346 shares. The stock had previously closed at C$0.29.

Alliance Mining Price Performance

The firm has a market cap of C$3.15 million, a price-to-earnings ratio of -7.20 and a beta of 1.21. The business has a fifty day simple moving average of C$0.22 and a 200 day simple moving average of C$0.20.

About Alliance Mining

(Get Free Report)

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. The company was incorporated in 2002 and is headquartered in Vancouver, Canada.

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