Alliance Mining (CVE:ALM) Stock Price Down 16.7% – Here’s Why
by Scott Moore · The Cerbat GemAlliance Mining Corp. (CVE:ALM – Get Free Report)’s share price dropped 16.7% on Monday . The stock traded as low as C$0.25 and last traded at C$0.25. Approximately 1,500 shares changed hands during trading, a decline of 85% from the average daily volume of 9,964 shares. The stock had previously closed at C$0.30.
Alliance Mining Trading Down 16.7%
The firm’s 50 day moving average is C$0.29 and its two-hundred day moving average is C$0.23. The firm has a market cap of C$2.19 million, a P/E ratio of -5.00 and a beta of 1.32.
About Alliance Mining
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. The company was incorporated in 2002 and is headquartered in Vancouver, Canada.