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Alphamin Resources (CVE:AFM) Stock Price Crosses Below Fifty Day Moving Average - Here's What Happened

Alphamin Resources logo with Basic Materials background

Alphamin Resources Corp. (CVE:AFM - Get Free Report) shares passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.84 and traded as low as C$0.80. Alphamin Resources shares last traded at C$0.86, with a volume of 2,576,849 shares traded.

Alphamin Resources Stock Down 1.2%

The stock has a 50 day moving average price of C$0.85 and a 200 day moving average price of C$0.90. The company has a market cap of C$762.90 million, a P/E ratio of 10.43 and a beta of 1.21. 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

(Get Free Report)

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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