Alphamin Resources (CVE:AFM) Stock Price Passes Above 50-Day Moving Average of $1.03

Alphamin Resources Corp. (CVE:AFM)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$1.03 and traded as high as C$1.04. Alphamin Resources shares last traded at C$1.04, with a volume of 53,590 shares trading hands.

Alphamin Resources Stock Down 1.0 %

The company’s 50-day moving average price is C$1.03 and its 200 day moving average price is C$1.07. The company has a debt-to-equity ratio of 21.27, a quick ratio of 2.03 and a current ratio of 1.06. The stock has a market cap of C$1.33 billion, a PE ratio of 17.33 and a beta of 1.20.

Alphamin Resources (CVE:AFM) last announced its earnings results on Friday, August 23rd. The company reported C$0.02 EPS for the quarter. The business had revenue of C$142.11 million during the quarter. Alphamin Resources had a net margin of 16.02% and a return on equity of 17.87%. As a group, analysts forecast that Alphamin Resources Corp. will post 0.1092259 EPS for the current fiscal year.

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.