Alliance Mining (CVE:ALM) Reaches New 1-Year High – Time to Buy?

Alliance Mining Corp. (CVE:ALMGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$0.25 and last traded at C$0.31, with a volume of 4000 shares trading hands. The stock had previously closed at C$0.25.

Alliance Mining Price Performance

The company has a market capitalization of C$2.19 million, a price-to-earnings ratio of -5.00 and a beta of 0.29. The business has a fifty day moving average price of C$0.19 and a 200 day moving average price of C$0.18.

About Alliance Mining

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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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