Shares of Alphamin Resources Corp. (CVE:AFM – Get Free Report) reached a new 52-week high on Monday . The stock traded as high as C$1.61 and last traded at C$1.60, with a volume of 590945 shares traded. The stock had previously closed at C$1.56.
Alphamin Resources Stock Up 5.1%
The stock has a fifty day moving average price of C$1.44 and a two-hundred day moving average price of C$1.36. The company has a market cap of C$2.11 billion, a price-to-earnings ratio of 9.57 and a beta of 0.65. The company has a quick ratio of 2.02, a current ratio of 1.68 and a debt-to-equity ratio of 10.15.
Insider Buying and Selling
In other Alphamin Resources news, Director Sean Norman Naylor sold 1,630,200 shares of Alphamin Resources stock in a transaction dated Tuesday, June 2nd. The shares were 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. Also, Director Charles Denby Stockton Needham sold 241,400 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of C$1.45, for a total transaction of C$350,030.00. Following the completion of the sale, the director directly owned 1,257,814 shares of the company’s stock, valued at C$1,823,830.30. This represents a 16.10% decrease in their position. Over the last three months, insiders have sold 3,575,600 shares of company stock valued at $5,104,368. 58.59% of the stock is owned by company insiders.
Alphamin Resources Company Profile
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.
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