Alphamin Resources (CVE:AFM) Reaches New 52-Week High – Still a Buy?

Alphamin Resources Corp. (CVE:AFM)’s share price reached a new 52-week high during trading on Monday . The company traded as high as C$1.30 and last traded at C$1.30, with a volume of 583468 shares. The stock had previously closed at C$1.25.

Alphamin Resources Trading Down 2.3 %

The company has a debt-to-equity ratio of 21.27, a current ratio of 1.06 and a quick ratio of 2.03. The company has a market cap of C$1.63 billion, a price-to-earnings ratio of 21.17 and a beta of 1.21. The business has a 50 day simple moving average of C$1.10 and a 200 day simple moving average of C$1.10.

Alphamin Resources (CVE:AFM) last posted its quarterly earnings data on Friday, August 23rd. The company reported C$0.02 EPS for the quarter. The company had revenue of C$142.11 million for the quarter. Alphamin Resources had a return on equity of 17.87% and a net margin of 16.02%. As a group, equities analysts forecast that Alphamin Resources Corp. will post 0.1272534 EPS for the current year.

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.