Alliance Mining (CVE:ALM) Trading 16.7% Higher – Here’s Why

Alliance Mining Corp. (CVE:ALMGet Free Report) shot up 16.7% on Monday . The company traded as high as C$0.21 and last traded at C$0.21. 13,132 shares changed hands during trading, an increase of 24% from the average session volume of 10,571 shares. The stock had previously closed at C$0.18.

Alliance Mining Trading Up 16.7%

The business has a 50-day moving average price of C$0.19 and a 200-day moving average price of C$0.18. The firm has a market cap of C$1.84 million, a P/E ratio of -4.20 and a beta of 0.29.

Alliance Mining Company Profile

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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.

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