Shares of Alphamin Resources Corp. (CVE:AFM – Get Free Report) were down 14% on Monday . The company traded as low as C$0.49 and last traded at C$0.49. Approximately 680,928 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 1,112,610 shares. The stock had previously closed at C$0.57.
Alphamin Resources Trading Down 10.5 %
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 company has a market cap of C$457.74 million, a price-to-earnings ratio of 6.26 and a beta of 1.21. The company’s fifty day moving average is C$0.90 and its two-hundred day moving average is 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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