Alphamin Resources (CVE:AFM) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Alphamin Resources Corp. (CVE:AFM)’s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty 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 company has a current ratio of 1.28, a quick ratio of 2.03 and a debt-to-equity ratio of 21.69. The stock has a 50-day simple moving average of C$1.26 and a 200 day simple moving average of C$1.12. The stock has a market capitalization of C$1.59 billion, a price-to-earnings ratio of 13.38 and a beta of 0.33.

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.