Alphamin Resources (CVE:AFM) Director Charles Denby Stockton Needham Sells 241,400 Shares

Alphamin Resources Corp. (CVE:AFM) Director Charles Denby Stockton Needham sold 241,400 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of C$1.45, for a total value of C$350,030.00. Following the completion of the sale, the director owned 1,257,814 shares of the company’s stock, valued at approximately C$1,823,830.30. This represents a 16.10% decrease in their ownership of the stock.

Charles Denby Stockton Needham also recently made the following trade(s):

• On Monday, May 11th, Charles Denby Stockton Needham sold 196,000 shares of Alphamin Resources stock. The shares were sold at an average price of C$1.47, for a total transaction of C$288,120.00.
• On Monday, May 11th, Charles Denby Stockton Needham sold 300,000 shares of Alphamin Resources stock. The shares were sold at an average price of C$1.47, for a total transaction of C$441,000.00.
• On Tuesday, May 12th, Charles Denby Stockton Needham sold 200,000 shares of Alphamin Resources stock. The shares were sold at an average price of C$1.44, for a total transaction of C$288,000.00.
• On Tuesday, May 12th, Charles Denby Stockton Needham sold 108,600 shares of Alphamin Resources stock. The shares were sold at an average price of C$1.48, for a total transaction of C$160,728.00.
• On Tuesday, May 12th, Charles Denby Stockton Needham sold 50,000 shares of Alphamin Resources stock. The shares were sold at an average price of C$1.45, for a total transaction of C$72,500.00.

Alphamin Resources Stock Up 0.7%

CVE AFM traded up C$0.01 during trading hours on Wednesday, hitting C$1.47. The company’s stock had a trading volume of 528,136 shares, compared to its average volume of 1,383,918. Alphamin Resources Corp. has a 52 week low of C$0.77 and a 52 week high of C$1.59. The company has a market capitalization of C$1.89 billion, a PE ratio of 10.03 and a beta of 0.80. The company has a current ratio of 2.31, a quick ratio of 2.03 and a debt-to-equity ratio of 11.57. The company’s 50-day simple moving average is C$1.27 and its two-hundred day simple moving average is C$1.23.

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.