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Alphamin Resources (CVE:AFM) Trading 9.1% Higher - Here's What Happened

Alphamin Resources logo with Basic Materials background

Alphamin Resources Corp. (CVE:AFM - Get Free Report) shot up 9.1% during trading on Friday . The company traded as high as C$0.86 and last traded at C$0.84. 1,717,329 shares were traded during mid-day trading, an increase of 27% from the average session volume of 1,351,867 shares. The stock had previously closed at C$0.77.

Alphamin Resources Stock Down 3.5 %

The stock's fifty day simple moving average is C$0.68 and its 200-day simple moving average is C$0.98. The stock has a market capitalization of C$735.98 million, a PE ratio of 10.06 and a beta of 1.21. The company has a current ratio of 1.28, a quick ratio of 2.03 and a debt-to-equity ratio of 21.69.

Alphamin Resources Company Profile

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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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