Shares of Alphamin Resources Corp. (CVE:AFM – Get Free Report) rose 23.9% during trading on Saturday . The stock traded as high as C$0.59 and last traded at C$0.57. Approximately 5,307,589 shares changed hands during trading, an increase of 370% from the average daily volume of 1,128,308 shares. The stock had previously closed at C$0.46.
Alphamin Resources Price Performance
The stock has a market capitalization of C$511.59 million, a PE ratio of 6.99 and a beta of 1.21. The firm’s 50 day simple moving average is C$0.91 and its 200 day simple moving average is C$1.06. The company has a debt-to-equity ratio of 21.69, a current ratio of 1.28 and a quick ratio of 2.03.
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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