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

by · The Cerbat Gem

Alphamin Resources Corp. (CVE:AFM – Get Free Report) reached a new 52-week high during trading on Friday . The stock traded as high as C$1.20 and last traded at C$1.18, with a volume of 924822 shares traded. The stock had previously closed at C$1.14.

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 firm has a market capitalization of C$1.50 billion, a PE ratio of 12.68 and a beta of 0.27. The firm’s fifty day moving average price is C$1.08 and its 200 day moving average price is C$1.00.

Alphamin Resources Company Profile

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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. in October 2008. Alphamin Resources Corp. was incorporated in 1981 and is headquartered in Grand Baie, Mauritius.

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