Alliance Mining (CVE:ALM) Stock Price Up 4.8% – Still a Buy?

Shares of Alliance Mining Corp. (CVE:ALMGet Free Report) traded up 4.8% on Friday . The stock traded as high as C$0.33 and last traded at C$0.33. Approximately 500 shares were traded during trading, a decline of 93% from the average session volume of 7,608 shares. The stock had previously closed at C$0.31.

Alliance Mining Trading Up 4.8%

The company’s 50-day moving average price is C$0.29 and its two-hundred day moving average price is C$0.28. The company has a market cap of C$2.98 million, a P/E ratio of -3.61 and a beta of 1.43.

About Alliance Mining

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Alliance Mining Corp. engages in the acquisition, exploration, and development of mineral properties in Canada. The company holds 50% interest in the Greenbelt Property comprising 27 contiguous mining claims covering an area of 410 hectares located south of Bissett, Manitoba. It also has an option agreement to purchase a 100% interest in the Moose Gold Property located in the Bisset Gold Mining Camp, Manitoba. The company was incorporated in 2002 and is headquartered in Vancouver, Canada.

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