Alphamin Resources (CVE:AFM) Reaches New 52-Week Low – Here’s Why

Alphamin Resources Corp. (CVE:AFMGet Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.70 and last traded at C$0.72, with a volume of 2712076 shares traded. The stock had previously closed at C$0.86.

Alphamin Resources Price Performance

The company has a current ratio of 1.28, a quick ratio of 2.03 and a debt-to-equity ratio of 21.69. The business has a 50-day moving average price of C$1.02 and a 200-day moving average price of C$1.09. The firm has a market cap of C$700.08 million, a P/E ratio of 9.57 and a beta of 1.21.

About Alphamin Resources

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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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