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

Alphamin Resources Corp. (CVE:AFM)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$1.48 and traded as high as C$1.50. Alphamin Resources shares last traded at C$1.50, with a volume of 327,706 shares trading hands.

Alphamin Resources Price Performance

The stock has a fifty day simple moving average of C$1.48 and a 200-day simple moving average of C$1.38. The company has a market capitalization of C$1.93 billion, a PE ratio of 8.76 and a beta of 0.55. The company has a current ratio of 1.68, a quick ratio of 2.02 and a debt-to-equity ratio of 10.15.

Insiders Place Their Bets

In related news, Director Sean Norman Naylor sold 500,000 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of C$1.60, for a total transaction of C$800,000.00. 58.59% of the stock is currently owned by insiders.

Alphamin Resources Company Profile

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.