Alphamin Resources (CVE:AFM) Stock Price Up 9.8% - Time to Buy?

Key Points

• Stock jumped 9.8% to C$1.35 (intraday high C$1.37) on Tuesday, with about 436,003 shares traded — roughly 71% below its average daily volume of 1.53 million shares.
• Key metrics: market capitalization C$1.74 billion, P/E 11.85, debt-to-equity 11.57, quick ratio 2.03 and current ratio 2.31; the 50-day and 200-day simple moving averages are C$1.25 and C$1.19 respectively.
• Business focus: Alphamin produces tin concentrates, with its principal asset being the Bisie tin mine in the Democratic Republic of Congo.

Alphamin Resources Corp. (CVE:AFM - ) rose 9.8% during trading on Tuesday . The company traded as high as C$1.37 and last traded at C$1.35. Approximately 436,003 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 1,528,621 shares. The stock had previously closed at C$1.23.

Alphamin Resources Trading Up 10.6%

The company has a debt-to-equity ratio of 11.57, a quick ratio of 2.03 and a current ratio of 2.31. The business has a fifty day simple moving average of C$1.25 and a 200 day simple moving average of C$1.19. The stock has a market capitalization of C$1.74 billion, a price-to-earnings ratio of 11.85 and a beta of 0.90.

About Alphamin Resources

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. in October 2008. Alphamin Resources Corp. was incorporated in 1981 and is headquartered in Grand Baie, Mauritius.

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