Alphamin Resources (CVE:AFM) Trading 23.9% Higher – Here’s Why

Alphamin Resources Corp. (CVE:AFMGet Free Report) was up 23.9% on Friday . The company traded as high as C$0.59 and last traded at C$0.57. Approximately 5,307,589 shares changed hands during trading, an increase of 370% from the average daily volume of 1,128,308 shares. The stock had previously closed at C$0.46.

Alphamin Resources Stock Up 23.9 %

The firm has a market cap of C$511.59 million, a price-to-earnings ratio of 6.99 and a beta of 1.21. The firm has a fifty day simple moving average of C$0.90 and a 200-day simple moving average of C$1.05. The company has a debt-to-equity ratio of 21.69, a quick ratio of 2.03 and a current ratio of 1.28.

About Alphamin Resources

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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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