Alphamin Resources (CVE:AFM) Share Price Passes Below 50 Day Moving Average - Time to Sell?

Key Points

• Price signal: Alphamin's stock crossed below its 50-day moving average, trading as low as C$1.02 (last trade C$1.02) versus a 50-day MA of C$1.32, on volume of 2,303,879 shares.
• Financials: The company shows strong liquidity (quick ratio 2.03, current ratio 2.31), very low leverage (debt-to-equity 11.57), a market cap of C$1.30 billion and a P/E of 8.89.
• Business profile: Alphamin produces tin concentrates from the Bisie tin mine in the Democratic Republic of Congo and is headquartered in Grand Baie, Mauritius.

Alphamin Resources Corp. (CVE:AFM - )'s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$1.32 and traded as low as C$1.02. Alphamin Resources shares last traded at C$1.02, with a volume of 2,303,879 shares traded.

Alphamin Resources Price Performance

The company's 50-day simple moving average is C$1.32 and its 200 day simple moving average is C$1.16. The company has a quick ratio of 2.03, a current ratio of 2.31 and a debt-to-equity ratio of 11.57. The stock has a market capitalization of C$1.30 billion, a price-to-earnings ratio of 8.89 and a beta of 0.43.

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.

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