Shares of Alphamin Resources Corp. (CVE:AFM – Get Free Report) dropped 38.7% during trading on Thursday . The stock traded as low as C$0.43 and last traded at C$0.46. Approximately 9,804,708 shares changed hands during trading, an increase of 838% from the average daily volume of 1,044,722 shares. The stock had previously closed at C$0.75.
Alphamin Resources Stock Down 38.7 %
The business’s fifty day moving average price is C$0.92 and its two-hundred day moving average price is C$1.06. 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 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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