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

Alphamin Resources Corp. (CVE:AFMGet Free Report)’s share price reached a new 52-week high on Friday . The company traded as high as C$1.53 and last traded at C$1.53, with a volume of 2245479 shares trading hands. The stock had previously closed at C$1.44.

Alphamin Resources Price Performance

The stock has a fifty day simple moving average of C$1.30 and a 200-day simple moving average of C$1.14. The company has a market capitalization of C$2.01 billion, a PE ratio of 16.94 and a beta of 0.33. The company has a current ratio of 1.28, a quick ratio of 2.03 and a debt-to-equity ratio of 21.69.

About Alphamin Resources

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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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