Alphamin Resources Corp. (CVE:AFM – Get Free Report)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$1.42 and traded as low as C$1.41. Alphamin Resources shares last traded at C$1.50, with a volume of 608,436 shares.
Alphamin Resources Stock Performance
The firm’s 50 day simple moving average is C$1.42 and its 200 day simple moving average is C$1.34. The firm has a market capitalization of C$1.86 billion, a price-to-earnings ratio of 9.90 and a beta of 0.65. The company has a debt-to-equity ratio of 11.57, a quick ratio of 2.02 and a current ratio of 2.31.
Insider Buying and Selling at Alphamin Resources
In other news, Director Charles Denby Stockton Needham sold 300,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of C$1.47, for a total value of C$441,000.00. Following the completion of the transaction, the director owned 1,699,214 shares of the company’s stock, valued at C$2,497,844.58. The trade was a 15.01% decrease in their position. Also, Director Sean Norman Naylor sold 1,630,200 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of C$1.40, for a total value of C$2,282,280.00. Following the completion of the sale, the director owned 2,000,000 shares in the company, valued at C$2,800,000. The trade was a 44.91% decrease in their position. In the last quarter, insiders sold 5,165,500 shares of company stock worth $7,393,500. Insiders own 58.59% of the company’s stock.
About Alphamin Resources
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.
Featured Stories
- Five stocks we like better than Alphamin Resources
- AMD and Cerbras Create A New Blueprint For Hardware
- Intel Earnings Reveal Whether the Chip Selloff Created a Buy
- CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test
- Plugging In: How Kinder Morgan Powers Up Profits
Receive News & Ratings for Alphamin Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphamin Resources and related companies with MarketBeat.com's FREE daily email newsletter.
