Alphamin Resources (CVE:AFM) Stock Price Up 3.3% – Should You Buy?

Alphamin Resources Corp. (CVE:AFM – Get Free Report)’s share price shot up 3.3% during mid-day trading on Monday. The company traded as high as C$1.30 and last traded at C$1.26. Approximately 562,903 shares changed hands during trading, a decline of 52% from the average daily volume of 1,168,262 shares. The stock had previously closed at C$1.22.

Alphamin Resources Stock Up 3.3%

The company has a debt-to-equity ratio of 10.15, a quick ratio of 2.02 and a current ratio of 1.68. The firm’s 50 day moving average price is C$1.39 and its two-hundred day moving average price is C$1.38. The company has a market cap of C$1.62 billion, a P/E ratio of 7.36 and a beta of 0.61.

Insider Buying and Selling at Alphamin Resources

In other Alphamin Resources news, insider Jac Van Heerden sold 390,500 shares of Alphamin Resources stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of C$1.52, for a total transaction of C$593,560.00. Company insiders own 58.59% of the company’s stock.

Alphamin Resources Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Alphamin Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphamin Resources and related companies with MarketBeat.com's FREE daily email newsletter.