Alphamin Resources (CVE:AFM) Sets New 1-Year High – Here’s Why
by Kim Johansen · The Markets DailyAlphamin Resources Corp. (CVE:AFM – Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as C$1.23 and last traded at C$1.22, with a volume of 1093579 shares. The stock had previously closed at C$1.19.
Alphamin Resources Stock Performance
The stock has a market capitalization of C$1.52 billion, a P/E ratio of 12.84 and a beta of 0.27. The company has a quick ratio of 2.03, a current ratio of 1.28 and a debt-to-equity ratio of 21.69. The company has a 50-day moving average price of C$1.10 and a two-hundred day moving average price of C$1.03.
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. in October 2008. Alphamin Resources Corp. was incorporated in 1981 and is headquartered in Grand Baie, Mauritius.