Alliance Mining (CVE:ALM) Stock Price Up 137.5% – Here’s Why

Alliance Mining Corp. (CVE:ALM) shares rose 137.5% during mid-day trading on Tuesday . The stock traded as high as C$0.29 and last traded at C$0.29. Approximately 111,600 shares changed hands during trading, an increase of 420% from the average daily volume of 21,476 shares. The stock had previously closed at C$0.12.

Alliance Mining Stock Up 137.5%

The company has a 50 day moving average of C$0.14 and a 200-day moving average of C$0.18. The stock has a market capitalization of C$2.49 million, a P/E ratio of -2.85 and a beta of -1.29.

Alliance Mining Company Profile

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.