Alphamin Resources (CVE:AFM) Trading Down 0.5% - Here's What Happened

Key Points

• Alphamin Resources Corp. shares declined by 0.5% during mid-day trading, with prices trading between C$1.03 and C$1.07.
• The company's current ratio stands at 1.28, quick ratio at 2.03, and it has a relatively high debt-to-equity ratio of 21.69.
• Alphamin Resources engages in the production and sale of tin concentrates, primarily from its Bisie tin mine in the Democratic Republic of Congo.

Shares of Alphamin Resources Corp. (CVE:AFM - ) fell 0.5% during mid-day trading on Wednesday . The company traded as low as C$1.03 and last traded at C$1.07. 562,599 shares were traded during mid-day trading, a decline of 47% from the average session volume of 1,059,092 shares. The stock had previously closed at C$1.08.

Alphamin Resources Stock Down 2.8%

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's 50-day simple moving average is C$0.91 and its 200-day simple moving average is C$0.83. The firm has a market capitalization of C$933.43 million, a P/E ratio of 12.76 and a beta of 1.21.

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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