Alphamin Resources Corp. (CVE:AFM – Get Free Report)’s share price dropped 18.4% on Tuesday . The company traded as low as C$0.45 and last traded at C$0.47. Approximately 3,372,228 shares traded hands during trading, an increase of 188% from the average daily volume of 1,171,460 shares. The stock had previously closed at C$0.57.
Alphamin Resources Trading Down 18.4 %
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 market capitalization of C$417.35 million, a price-to-earnings ratio of 5.71 and a beta of 1.21. The firm has a 50-day moving average of C$0.89 and a 200 day moving average of C$1.05.
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.
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