Alphamin Resources (CVE:AFM) Stock Price Passes Below 50-Day Moving Average – Here’s What Happened

Shares of Alphamin Resources Corp. (CVE:AFM) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$1.26 and traded as low as C$1.21. Alphamin Resources shares last traded at C$1.26, with a volume of 2,033,988 shares changing hands.

Alphamin Resources Stock Performance

The company has a market capitalization of C$1.61 billion, a P/E ratio of 13.59 and a beta of 0.33. The company’s 50 day moving average is C$1.26 and its 200-day moving average is C$1.12. The company has a current ratio of 1.28, a quick ratio of 2.03 and a debt-to-equity ratio of 21.69.

Alphamin Resources Company Profile

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.