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Alphamin Resources (CVE:AFM) Stock Price Down 11% - Should You Sell?

Alphamin Resources logo with Basic Materials background

Shares of Alphamin Resources Corp. (CVE:AFM - Get Free Report) were down 11% on Wednesday . The stock traded as low as C$0.81 and last traded at C$0.81. Approximately 1,925,371 shares traded hands during trading, an increase of 53% from the average daily volume of 1,256,701 shares. The stock had previously closed at C$0.91.

Alphamin Resources Price Performance

The company has a current ratio of 1.28, a quick ratio of 2.03 and a debt-to-equity ratio of 21.69. The firm has a fifty day moving average of C$0.85 and a two-hundred day moving average of C$0.90. The company has a market capitalization of C$731.49 million, a PE ratio of 10.00 and a beta of 1.21.

Alphamin Resources Company Profile

(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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