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Alphamin Resources (CVE:AFM) Shares Pass Below 50-Day Moving Average - What's Next?

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Key Points

  • Alphamin Resources Corp. shares fell below their 50-day moving average of C$0.99, trading as low as C$0.97 during Monday's session.
  • The company, which operates the Bisie tin mine in the Democratic Republic of Congo, has a market capitalization of C$1.26 billion and a price-to-earnings ratio of 10.87.
  • Alphamin's financial metrics include a quick ratio of 2.03, highlighting its solid liquidity position despite recent stock price movements.
  • Five stocks we like better than Alphamin Resources.

Alphamin Resources Corp. (CVE:AFM - Get Free Report) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$0.99 and traded as low as C$0.97. Alphamin Resources shares last traded at C$0.99, with a volume of 623,839 shares changing hands.

Alphamin Resources Stock Down 2.0%

The stock's 50 day simple moving average is C$1.00 and its two-hundred day simple moving average is C$0.86. The firm has a market cap of C$1.24 billion, a P/E ratio of 10.65 and a beta of 0.50. The company has a debt-to-equity ratio of 21.69, a current ratio of 1.28 and a quick ratio of 2.03.

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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