Alphamin Resources (CVE:AFM) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Alphamin Resources Corp. (CVE:AFM)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$1.35 and traded as high as C$1.42. Alphamin Resources shares last traded at C$1.41, with a volume of 4,892,691 shares.

Alphamin Resources Trading Up 2.2%

The company has a debt-to-equity ratio of 11.57, a current ratio of 2.31 and a quick ratio of 2.03. The firm has a fifty day simple moving average of C$1.35 and a two-hundred day simple moving average of C$1.28. The firm has a market capitalization of C$1.81 billion, a P/E ratio of 9.62 and a beta of 0.73.

Insider Transactions at Alphamin Resources

In other news, Director John Mackinnon Robertson sold 452,100 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of C$1.44, for a total transaction of C$651,024.00. Also, Director Sean Norman Naylor sold 1,630,200 shares of Alphamin Resources stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of C$1.40, for a total value of C$2,282,280.00. Following the completion of the sale, the director directly owned 2,000,000 shares of the company’s stock, valued at approximately C$2,800,000. This trade represents a 44.91% decrease in their position. In the last 90 days, insiders sold 4,473,200 shares of company stock worth $6,374,280. 58.59% of the stock is owned by company insiders.

Alphamin Resources Company Profile

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.