Shares of Alphamin Resources Corp. (CVE:AFM – Get Free Report) dropped 38.7% during mid-day trading on Thursday . The company traded as low as C$0.43 and last traded at C$0.46. Approximately 9,804,708 shares traded hands during trading, an increase of 840% from the average daily volume of 1,043,452 shares. The stock had previously closed at C$0.75.
Alphamin Resources Price Performance
The company has a debt-to-equity ratio of 21.69, a current ratio of 1.28 and a quick ratio of 2.03. The company’s 50 day moving average price is C$0.92 and its 200 day moving average price is C$1.06. The firm has a market capitalization of C$412.87 million, a P/E ratio of 5.64 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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