Alphamin Resources (CVE:AFM) Stock Price Down 18.4% – Here’s Why

Alphamin Resources Corp. (CVE:AFM) shares fell 18.4% on Tuesday . The company traded as low as C$0.45 and last traded at C$0.47. 3,372,228 shares changed hands during trading, an increase of 188% from the average session volume of 1,171,460 shares. The stock had previously closed at C$0.57.

Alphamin Resources Stock Down 1.9 %

The stock has a market capitalization of C$466.72 million, a price-to-earnings ratio of 6.38 and a beta of 1.21. The business’s 50-day moving average is C$0.86 and its two-hundred day moving average is C$1.04. The company has a quick ratio of 2.03, a current ratio of 1.28 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.