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Alphamin Resources (CVE:AFM) Shares Up 5.4% - Time to Buy?

Alphamin Resources logo with Basic Materials background

Key Points

  • Shares of Alphamin Resources rose 5.4%, trading at C$0.98 after previously closing at C$0.93, with the trading volume increasing by 25% from the average daily volume.
  • The company has a market capitalization of C$888.56 million, a PE ratio of 12.15, and a notable debt-to-equity ratio of 21.69.
  • Alphamin Resources is primarily engaged in the production and sale of tin concentrates, with its main project being the Bisie tin mine in the Democratic Republic of Congo.
  • Looking to Export and Analyze Alphamin Resources Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Alphamin Resources Corp. (CVE:AFM - Get Free Report)'s share price rose 5.4% during trading on Friday . The company traded as high as C$0.99 and last traded at C$0.98. Approximately 1,295,247 shares were traded during trading, an increase of 25% from the average daily volume of 1,038,769 shares. The stock had previously closed at C$0.93.

Alphamin Resources Stock Performance

The stock has a 50 day simple moving average of C$0.90 and a 200 day simple moving average of C$0.83. 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 stock has a market cap of C$897.53 million, a P/E ratio of 12.27 and a beta of 1.21.

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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