Insider Selling: Alphamin Resources (CVE:AFM) Director Sells 101,000 Shares of Stock

Key Points

• Director Sean Norman Naylor sold 101,000 shares on April 23 at C$1.40 (C$141,400) and had sold 206,700 shares on April 22 at the same price, a combined 307,700 shares for C$430,780; he still directly owns 3,850,000 shares (C$5.39M), a 2.56% reduction in his ownership.
• Alphamin (AFM) traded flat at C$1.37 with volume well below average (359,065 vs. 1,483,836), has a market cap of C$1.75B and a P/E of 11.93, and sits between its 50‑day/200‑day moving averages (C$1.26/C$1.20) within a 12‑month range of C$0.77–C$1.59.

Alphamin Resources Corp. (CVE:AFM - Get Free Report) Director Sean Norman Naylor sold 101,000 shares of the stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of C$1.40, for a total value of C$141,400.00. Following the sale, the director directly owned 3,850,000 shares in the company, valued at C$5,390,000. This represents a 2.56% decrease in their ownership of the stock.

Sean Norman Naylor also recently made the following trade(s):

• On Wednesday, April 22nd, Sean Norman Naylor sold 206,700 shares of Alphamin Resources stock. The stock was sold at an average price of C$1.40, for a total value of C$289,380.00.

Alphamin Resources Stock Performance

AFM remained flat at C$1.37 during midday trading on Friday. The company's stock had a trading volume of 359,065 shares, compared to its average volume of 1,483,836. The business has a fifty day moving average of C$1.26 and a 200 day moving average of C$1.20. The stock has a market cap of C$1.75 billion, a price-to-earnings ratio of 11.93 and a beta of 0.90. The company has a quick ratio of 2.03, a current ratio of 2.31 and a debt-to-equity ratio of 11.57. Alphamin Resources Corp. has a 12 month low of C$0.77 and a 12 month high of C$1.59.

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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