Alphamin Resources (CVE:AFM) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Alphamin Resources Corp. (CVE:AFM) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$1.29 and traded as low as C$1.07. Alphamin Resources shares last traded at C$1.07, with a volume of 3,233,389 shares traded.

Alphamin Resources Price Performance

The firm has a market cap of C$1.37 billion, a P/E ratio of 9.32 and a beta of 0.43. The company has a debt-to-equity ratio of 11.57, a current ratio of 2.31 and a quick ratio of 2.03. The stock’s 50-day simple moving average is C$1.29 and its two-hundred day simple moving average is C$1.17.

About Alphamin Resources

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.