Shares of Alphamin Resources Corp. (CVE:AFM – Get Free Report) rose 25% on Friday . The company traded as high as C$0.59 and last traded at C$0.58. Approximately 4,997,964 shares changed hands during trading, an increase of 346% from the average daily volume of 1,120,273 shares. The stock had previously closed at C$0.46.
Alphamin Resources Trading Up 23.9 %
The company has a debt-to-equity ratio of 21.69, a quick ratio of 2.03 and a current ratio of 1.28. The stock has a market cap of C$511.59 million, a P/E ratio of 6.99 and a beta of 1.21. The company has a 50-day simple moving average of C$0.91 and a 200-day simple moving average of C$1.06.
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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