Alphamin Resources (CVE:AFM) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

Alphamin Resources Corp. (CVE:AFM) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$1.47 and traded as high as C$1.57. Alphamin Resources shares last traded at C$1.55, with a volume of 366,250 shares trading hands.

Alphamin Resources Price Performance

The company has a debt-to-equity ratio of 10.15, a current ratio of 1.68 and a quick ratio of 2.02. The firm’s 50 day moving average is C$1.47 and its 200 day moving average is C$1.37. The firm has a market cap of C$1.96 billion, a P/E ratio of 8.87 and a beta of 0.65.

Insider Transactions at Alphamin Resources

In other Alphamin Resources news, Director Sean Norman Naylor sold 1,630,200 shares of the business’s stock in a transaction on 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 sale, the director directly owned 2,000,000 shares of the company’s stock, valued at approximately C$2,800,000. The trade was a 44.91% decrease in their ownership of the stock. Insiders sold a total of 3,130,200 shares of company stock worth $4,532,280 in the last three months. 58.59% of the stock is currently owned by insiders.

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.