Alliance Mining (CVE:ALM) Stock Price Up 16.7% – What’s Next?

Alliance Mining Corp. (CVE:ALM) shares were up 16.7% during mid-day trading on Monday . The stock traded as high as C$0.21 and last traded at C$0.21. Approximately 13,132 shares were traded during mid-day trading, an increase of 24% from the average daily volume of 10,571 shares. The stock had previously closed at C$0.18.

Alliance Mining Stock Up 16.7%

The firm has a market capitalization of C$1.84 million, a PE ratio of -4.20 and a beta of 0.29. The company’s 50-day simple moving average is C$0.19 and its 200 day simple moving average is C$0.18.

Alliance Mining Company Profile

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.