Alliance Mining (CVE:ALM) Shares Up 76.5% – Still a Buy?

Alliance Mining Corp. (CVE:ALM) traded up 76.5% during trading on Friday . The stock traded as high as C$0.15 and last traded at C$0.15. 100,000 shares were traded during trading, an increase of 414% from the average session volume of 19,448 shares. The stock had previously closed at C$0.09.

Alliance Mining Stock Performance

The stock’s fifty day moving average price is C$0.19 and its 200-day moving average price is C$0.18. The firm has a market cap of C$1.31 million, a PE ratio of -1.25 and a beta of 0.62.

Alliance Mining Company Profile

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.