Alliance Mining (CVE:ALM) Stock Price Down 30% – Here’s Why

Alliance Mining Corp. (CVE:ALMGet Free Report) shares were down 30% during trading on Wednesday . The stock traded as low as C$0.14 and last traded at C$0.14. Approximately 1,500 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 19,304 shares. The stock had previously closed at C$0.20.

Alliance Mining Trading Down 30.0 %

The stock’s 50 day moving average is C$0.12 and its two-hundred day moving average is C$0.10. The stock has a market capitalization of C$1.22 million, a price-to-earnings ratio of -1.17 and a beta of 0.62.

Alliance Mining Company Profile

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Alliance Mining Corp. engages in the acquisition, exploration, and development of mineral properties in Canada. The company holds 50% interest in the Greenbelt Property comprising 27 contiguous mining claims covering an area of 410 hectares located south of Bissett, Manitoba. It also has an option agreement to purchase a 100% interest in the Moose Gold Property located in the Bisset Gold Mining Camp, Manitoba.

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