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Alphamin Resources (CVE:AFM) Stock Price Passes Below Fifty Day Moving Average - Should You Sell?

Alphamin Resources logo with Basic Materials background

Alphamin Resources Corp. (CVE:AFM - Get Free Report) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 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 traded.

Alphamin Resources Price Performance

The firm has a 50-day simple moving average of C$0.89 and a two-hundred day simple moving average of C$0.88. The company has a market capitalization of C$718.03 million, a price-to-earnings ratio of 9.82 and a beta of 1.21. 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.

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