Insider Selling: Alphamin Resources (CVE:AFM) Director Sells 345,400 Shares of Stock

Alphamin Resources Corp. (CVE:AFM) Director John Mackinnon Robertson sold 345,400 shares of Alphamin Resources stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of C$1.45, for a total transaction of C$500,830.00.

John Mackinnon Robertson also recently made the following trade(s):

• On Monday, May 11th, John Mackinnon Robertson sold 202,500 shares of Alphamin Resources stock. The stock was sold at an average price of C$1.43, for a total transaction of C$289,575.00.
• On Monday, May 11th, John Mackinnon Robertson sold 452,100 shares of Alphamin Resources stock. The stock was sold at an average price of C$1.44, for a total transaction of C$651,024.00.
• On Monday, May 11th, John Mackinnon Robertson sold 439,300 shares of Alphamin Resources stock. The stock was sold at an average price of C$1.41, for a total transaction of C$619,413.00.

Alphamin Resources Trading Up 2.1%

AFM stock traded up C$0.03 during trading on Wednesday, reaching C$1.49. 638,193 shares of the stock were exchanged, compared to its average volume of 1,385,521. 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 business has a 50 day moving average price of C$1.27 and a 200-day moving average price of C$1.23. Alphamin Resources Corp. has a 1 year low of C$0.77 and a 1 year high of C$1.59. The firm has a market capitalization of C$1.91 billion, a price-to-earnings ratio of 10.17 and a beta of 0.80.

Trending Headlines about Alphamin Resources

Here are the key news stories impacting Alphamin Resources this week:

• Positive Sentiment: No clearly positive company-specific news was reported in these filings; the stock may still be benefiting from its broader technical momentum after recently trading near the upper end of its 1-year range.
• Neutral Sentiment: Alphamin shares have been trading above both their 50-day and 200-day moving averages, which can support investor confidence even without a fresh operating update.
• Negative Sentiment: Director John Mackinnon Robertson sold more than 1.1 million shares across multiple transactions, while director Charles Denby Stockton Needham sold several hundred thousand additional shares. Alphamin Resources Corp. insider transactions
• Negative Sentiment: The repeated insider selling may raise questions about management’s near-term outlook, even though the sales do not necessarily signal fundamental weakness. Alphamin Resources Corp. insider transactions

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.