Insider Selling: Alphamin Resources (CVE:AFM) Director Sells 241,400 Shares of Stock

Alphamin Resources Corp. (CVE:AFM) Director Charles Denby Stockton Needham sold 241,400 shares of Alphamin Resources stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of C$1.45, for a total transaction of C$350,030.00. Following the transaction, the director directly owned 1,257,814 shares in the company, valued at approximately C$1,823,830.30. This represents a 16.10% decrease in their position.

Charles Denby Stockton Needham also recently made the following trade(s):

• On Monday, May 11th, Charles Denby Stockton Needham sold 196,000 shares of Alphamin Resources stock. The stock was sold at an average price of C$1.47, for a total transaction of C$288,120.00.
• On Monday, May 11th, Charles Denby Stockton Needham sold 300,000 shares of Alphamin Resources stock. The stock was sold at an average price of C$1.47, for a total transaction of C$441,000.00.
• On Tuesday, May 12th, Charles Denby Stockton Needham sold 200,000 shares of Alphamin Resources stock. The shares were sold at an average price of C$1.44, for a total transaction of C$288,000.00.
• On Tuesday, May 12th, Charles Denby Stockton Needham sold 108,600 shares of Alphamin Resources stock. The shares were sold at an average price of C$1.48, for a total transaction of C$160,728.00.
• On Tuesday, May 12th, Charles Denby Stockton Needham sold 50,000 shares of Alphamin Resources stock. The shares were sold at an average price of C$1.45, for a total transaction of C$72,500.00.

Alphamin Resources Price Performance

Shares of AFM traded up C$0.01 during mid-day trading on Wednesday, reaching C$1.47. 528,136 shares of the stock traded hands, compared to its average volume of 1,383,918. Alphamin Resources Corp. has a 1 year low of C$0.77 and a 1 year high of C$1.59. The company has a current ratio of 2.31, a quick ratio of 2.03 and a debt-to-equity ratio of 11.57. The company has a market cap of C$1.89 billion, a price-to-earnings ratio of 10.03 and a beta of 0.80. The firm has a fifty day moving average price of C$1.27 and a 200 day moving average price of C$1.23.

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.