Alliance Mining (CVE:ALM) Trading Up 15.8% – Time to Buy?

Alliance Mining Corp. (CVE:ALMGet Free Report) shot up 15.8% on Friday . The company traded as high as C$0.23 and last traded at C$0.22. 5,000 shares were traded during trading, a decline of 82% from the average session volume of 27,340 shares. The stock had previously closed at C$0.19.

Alliance Mining Price Performance

The business has a 50-day moving average of C$0.19 and a two-hundred day moving average of C$0.18. The company has a market cap of C$1.92 million, a P/E ratio of -2.20 and a beta of -0.64.

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.

Further Reading

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