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

Alphamin Resources Corp. (CVE:AFM – Get Free Report) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$1.46 and traded as high as C$1.50. Alphamin Resources shares last traded at C$1.45, with a volume of 534,911 shares changing hands.

Alphamin Resources Price Performance

The firm’s fifty day moving average price is C$1.47 and its 200 day moving average price is C$1.37. The company has a quick ratio of 2.02, a current ratio of 1.68 and a debt-to-equity ratio of 10.15. The stock has a market cap of C$1.89 billion, a PE ratio of 8.58 and a beta of 0.65.

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Insider Transactions at Alphamin Resources

In other Alphamin Resources news, Director Sean Norman Naylor sold 500,000 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of C$1.60, for a total value of C$800,000.00. In the last 90 days, insiders have sold 3,130,200 shares of company stock valued at $4,532,280. Insiders own 58.59% of the company’s stock.

About Alphamin Resources

(Get Free Report)

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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