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Alphamin Resources (CVE:AFM) Stock Passes Below 50 Day Moving Average - Here's What Happened

Alphamin Resources logo with Basic Materials background

Alphamin Resources Corp. (CVE:AFM - Get Free Report) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.89 and traded as low as C$0.80. Alphamin Resources shares last traded at C$0.80, with a volume of 733,240 shares trading hands.

Alphamin Resources Trading Up 0.6%

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 company has a 50 day moving average of C$0.89 and a 200 day moving average of C$0.87. The firm has a market cap of C$744.95 million, a price-to-earnings ratio of 10.18 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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