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

Alphamin Resources logo with Basic Materials background

Key Points

  • Alphamin Resources Corp.'s stock price dipped below its 50-day moving average, trading at C$0.96 after hitting a low of C$0.95.
  • The company has a market cap of C$1.23 billion and a P/E ratio of 10.54, indicating a relatively stable financial position.
  • Alphamin is primarily involved in the production and sale of tin concentrates, operating the Bisie tin mine in the Democratic Republic of Congo.
  • MarketBeat previews top five stocks to own in October.

Alphamin Resources Corp. (CVE:AFM - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$1.00 and traded as low as C$0.95. Alphamin Resources shares last traded at C$0.96, with a volume of 906,078 shares.

Alphamin Resources Stock Performance

The firm has a 50-day moving average of C$1.00 and a 200-day moving average of C$0.87. The stock has a market capitalization of C$1.23 billion, a price-to-earnings ratio of 10.54 and a beta of 0.50. The company has a current ratio of 1.28, a quick ratio of 2.03 and a debt-to-equity ratio of 21.69.

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.

Further Reading

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