Alphamin Resources (CVE:AFM) Shares Decline by 7.2% – Should Investors Consider Selling?

The shares of Alphamin Resources Corp. (CVE:AFM) experienced a significant decline of 7.2% during trading on Friday. The stock hit a low of C$0.45 and ultimately closed at the same price. In total, 1,237,578 shares were traded, which is a 3% increase compared to the average trading volume of 1,207,295 shares. The previous closing price for the stock was C$0.49.

Current Stock Performance

Alphamin has a 50-day moving average of C$0.85 and a 200-day moving average of C$1.04. With a market capitalization of C$408.38 million, the company has a price-to-earnings ratio of 5.58 and a beta value of 1.21. The financial health indicators show a current ratio of 1.28, a quick ratio of 2.03, and a substantially high debt-to-equity ratio of 21.69.

About Alphamin Resources

Alphamin Resources Corp. focuses on the production and sale of tin concentrates. Its main asset is the Bisie tin mine, located in the Democratic Republic of Congo. Previously known as La Plata Gold Corporation, the company rebranded to Alphamin Resources Corp.

Investment Considerations

Before making any investment decisions, potential investors may want to evaluate the current performance and outlook for Alphamin Resources. Analysts currently rate the stock as a ‘Hold', indicating that while it may not be a strong buy, it could still be a consideration in one’s portfolio.

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Alphamin, Stocks, Investing