Alphamin Resources (CVE:AFM) Shares Pass Below 50 Day Moving Average – What’s Next?

Shares of Alphamin Resources Corp. (CVE:AFM) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$1.26 and traded as low as C$1.21. Alphamin Resources shares last traded at C$1.26, with a volume of 2,033,988 shares trading hands.

Alphamin Resources Price Performance

The firm’s fifty day simple moving average is C$1.26 and its 200-day simple moving average is C$1.12. The firm has a market capitalization of C$1.61 billion, a PE ratio of 13.59 and a beta of 0.33. The company has a quick ratio of 2.03, a current ratio of 1.28 and a debt-to-equity ratio of 21.69.

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.