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

Alphamin Resources Corp. (CVE:AFMGet Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as C$1.17 and last traded at C$1.15, with a volume of 1096419 shares changing hands. The stock had previously closed at C$1.11.

Alphamin Resources Stock Performance

The company has a current ratio of 1.28, a quick ratio of 2.03 and a debt-to-equity ratio of 21.69. The company has a market capitalization of C$1.47 billion, a PE ratio of 12.41 and a beta of 0.51. The firm’s 50-day simple moving average is C$1.06 and its 200-day simple moving average is C$0.99.

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.

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