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Alphamin Resources (CVE:AFM) Trading Up 9.1% - Time to Buy?

Alphamin Resources logo with Basic Materials background

Alphamin Resources Corp. (CVE:AFM - Get Free Report) traded up 9.1% on Tuesday . The company traded as high as C$0.61 and last traded at C$0.60. 1,233,465 shares traded hands during trading, a decline of 6% from the average session volume of 1,311,105 shares. The stock had previously closed at C$0.55.

Alphamin Resources Stock Down 2.4 %

The company has a debt-to-equity ratio of 21.69, a quick ratio of 2.03 and a current ratio of 1.28. The company has a fifty day simple moving average of C$0.69 and a two-hundred day simple moving average of C$0.98. The firm has a market capitalization of C$735.98 million, a PE ratio of 10.06 and a beta of 1.21.

About Alphamin Resources

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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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