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Alphamin Resources (CVE:AFM) Stock Price Down 1.2% - Here's Why

Alphamin Resources logo with Basic Materials background

Alphamin Resources Corp. (CVE:AFM - Get Free Report)'s stock price dropped 1.2% on Thursday . The company traded as low as C$0.77 and last traded at C$0.83. Approximately 3,390,790 shares were traded during trading, an increase of 146% from the average daily volume of 1,380,215 shares. The stock had previously closed at C$0.84.

Alphamin Resources Price Performance

The company has a quick ratio of 2.03, a current ratio of 1.28 and a debt-to-equity ratio of 21.69. The business has a 50-day moving average price of C$0.69 and a two-hundred day moving average price of C$0.96. The company has a market capitalization of C$825.73 million, a price-to-earnings ratio of 11.29 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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