Shares of Alphamin Resources Corp. (CVE:AFM – Get Free Report) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$1.42 and traded as low as C$1.41. Alphamin Resources shares last traded at C$1.50, with a volume of 608,436 shares.
Alphamin Resources Price Performance
The company has a debt-to-equity ratio of 11.57, a quick ratio of 2.02 and a current ratio of 2.31. The stock has a market capitalization of C$1.93 billion, a P/E ratio of 10.24 and a beta of 0.65. The firm has a 50-day moving average price of C$1.42 and a 200 day moving average price of C$1.34.
Insider Buying and Selling
In other Alphamin Resources news, Director John Mackinnon Robertson sold 345,400 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of C$1.45, for a total value of C$500,830.00. Also, Director Sean Norman Naylor sold 1,000,000 shares of the company’s stock in a transaction that occurred on Friday, June 19th. The stock was sold at an average price of C$1.45, for a total value of C$1,450,000.00. Following the completion of the sale, the director directly owned 1,000,000 shares of the company’s stock, valued at approximately C$1,450,000. This represents a 50.00% decrease in their position. Insiders sold 5,165,500 shares of company stock worth $7,393,500 in the last quarter. 58.59% of the stock is 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.
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