Alphamin Resources (CVE:AFM) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

Alphamin Resources Corp. (CVE:AFM)’s share price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$1.47 and traded as low as C$1.36. Alphamin Resources shares last traded at C$1.39, with a volume of 2,267,258 shares trading hands.

Alphamin Resources Stock Down 1.5%

The business’s 50 day simple moving average is C$1.47 and its 200 day simple moving average is C$1.39. The company has a current ratio of 1.68, a quick ratio of 2.02 and a debt-to-equity ratio of 10.15. The firm has a market capitalization of C$1.74 billion, a PE ratio of 7.88 and a beta of 0.55.

Insider Activity at Alphamin Resources

In other news, Director Sean Norman Naylor sold 1,000,000 shares of Alphamin Resources stock in a transaction that occurred on Friday, June 19th. The stock was sold at an average price of C$1.45, for a total value of C$1,450,000.00. Following the completion of the transaction, the director owned 1,000,000 shares in the company, valued at approximately C$1,450,000. The trade was a 50.00% decrease in their position. Company insiders own 58.59% of the company’s stock.

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.