Alphamin Resources (CVE:AFM) Stock Price Passes Above 50 Day Moving Average of $0.70

Alphamin Resources Corp. (CVE:AFMGet Rating) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.70 and traded as high as C$0.71. Alphamin Resources shares last traded at C$0.71, with a volume of 96,486 shares traded.

Alphamin Resources Trading Down 1.4 %

The stock has a market capitalization of C$903.02 million and a P/E ratio of 6.45. The stock has a 50-day moving average price of C$0.70 and a two-hundred day moving average price of C$0.95. The company has a debt-to-equity ratio of 2.26, a quick ratio of 2.31 and a current ratio of 2.67.

About Alphamin Resources

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Alphamin Resources Corp., together with its subsidiaries, engages in the extraction, production, and sale of tin concentrates in the Democratic Republic of the Congo. Its flagship property is the Mpama North Tin project that consists of five exploration licenses and one current mining license covering an area of 1,270 square kilometers located in the North Kivu Province of the Democratic Republic of Congo.

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