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Alphamin Resources (CVE:AFM) Stock Passes Above Fifty Day Moving Average - Time to Sell?

Alphamin Resources logo with Basic Materials background

Key Points

  • Alphamin Resources' stock recently crossed above its fifty-day moving average, trading at C$1.06 compared to the average of C$0.97.
  • The company has a market capitalization of C$1.35 billion, a price-to-earnings ratio of 11.64, and a relatively low beta of 0.45, indicating less volatility.
  • Alphamin Resources Corp. specializes in the production and sale of tin concentrates, with its primary project located in the Democratic Republic of Congo.
  • Five stocks we like better than Alphamin Resources.

Alphamin Resources Corp. (CVE:AFM - Get Free Report) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.97 and traded as high as C$1.06. Alphamin Resources shares last traded at C$1.06, with a volume of 580,250 shares traded.

Alphamin Resources Stock Performance

The firm has a market capitalization of C$1.29 billion, a P/E ratio of 11.09 and a beta of 0.45. The stock has a 50-day moving average of C$0.98 and a 200 day moving average of C$0.85. The company has a debt-to-equity ratio of 21.69, a quick ratio of 2.03 and a current ratio of 1.28.

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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