Alphamin Resources (CVE:AFM) Stock Price Down 5.1% – What’s Next?

Shares of Alphamin Resources Corp. (CVE:AFM) dropped 5.1% during mid-day trading on Tuesday . The stock traded as low as C$1.57 and last traded at C$1.57. 1,182,763 shares were traded during mid-day trading, a decline of 12% from the average session volume of 1,342,946 shares. The stock had previously closed at C$1.66.

Alphamin Resources Stock Down 9.0%

The business has a 50-day moving average of C$1.45 and a 200 day moving average of C$1.36. The company has a market capitalization of C$1.94 billion, a PE ratio of 8.81 and a beta of 0.65. The company has a debt-to-equity ratio of 10.15, a current ratio of 1.68 and a quick ratio of 2.02.

Insider Transactions at Alphamin Resources

In other Alphamin Resources news, Director Sean Norman Naylor sold 1,000,000 shares of Alphamin Resources stock in a transaction that occurred on Friday, June 19th. The stock was sold at an average price of C$1.45, for a total value of C$1,450,000.00. Following the sale, the director owned 1,000,000 shares of the company’s stock, valued at C$1,450,000. The trade was a 50.00% decrease in their position. 58.59% of the stock is currently owned by insiders.

Alphamin Resources Company Profile

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. in October 2008. Alphamin Resources Corp. was incorporated in 1981 and is headquartered in Grand Baie, Mauritius.