Alphamin Resources (CVE:AFM) Share Price Crosses Below 50-Day Moving Average - What's Next?

Key Points

• Alphamin Resources Corp. shares fell below their fifty-day moving average, trading as low as C$0.96, with the last price at C$1.00.
• The company has a market capitalization of C$1.28 billion and a price-to-earnings ratio of 10.98.
• Alphamin Resources is primarily engaged in the production of tin concentrates, with its main project being the Bisie tin mine located in the Democratic Republic of Congo.

Shares of Alphamin Resources Corp. (CVE:AFM - ) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$1.00 and traded as low as C$0.96. Alphamin Resources shares last traded at C$1.00, with a volume of 4,380,163 shares.

Alphamin Resources Trading Up 5.3%

The firm has a market capitalization of C$1.28 billion, a price-to-earnings ratio of 10.98 and a beta of 0.50. The company has a fifty day moving average price of C$1.00 and a 200-day moving average price of C$0.88. The company has a current ratio of 1.28, a quick ratio of 2.03 and a debt-to-equity ratio of 21.69.

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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