Alphamin Resources (CVE:AFM) Trading 2.9% Higher - Time to Buy?

Key Points

• Alphamin Resources Corp. saw its stock price increase by 2.9% to C$1.06, with a total trading volume of 335,488 shares, significantly down from its average volume of 1,087,529 shares.
• The company’s market capitalization stands at C$1.35 billion, with a P/E ratio of 11.64 and a low beta of 0.40.
• Alphamin focuses on tin concentrate production, primarily from its Bisie tin mine located in the Democratic Republic of Congo.

Alphamin Resources Corp. (CVE:AFM - ) traded up 2.9% on Thursday . The company traded as high as C$1.08 and last traded at C$1.06. 335,488 shares traded hands during trading, a decline of 69% from the average session volume of 1,087,529 shares. The stock had previously closed at C$1.03.

Alphamin Resources Trading Up 2.9%

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 50-day simple moving average of C$1.04 and a two-hundred day simple moving average of C$0.95. The firm has a market capitalization of C$1.35 billion, a P/E ratio of 11.64 and a beta of 0.40.

Alphamin Resources Company Profile

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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