Alphamin Resources Corp. (CVE:AFM – Get Free Report)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as C$1.60 and last traded at C$1.54, with a volume of 784006 shares traded. The stock had previously closed at C$1.52.
Alphamin Resources Stock Up 0.7%
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 current ratio of 2.31, a quick ratio of 2.02 and a debt-to-equity ratio of 11.57. The firm has a 50 day moving average price of C$1.42 and a two-hundred day moving average price of C$1.32.
Insider Activity at Alphamin Resources
In other news, Director Charles Denby Stockton Needham sold 300,000 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of C$1.47, for a total value of C$441,000.00. Following the completion of the sale, the director owned 1,699,214 shares of the company’s stock, valued at C$2,497,844.58. This represents a 15.01% decrease in their ownership of the stock. Also, Director Sean Norman Naylor sold 1,630,200 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of C$1.40, for a total transaction of C$2,282,280.00. Following the completion of the sale, the director directly owned 2,000,000 shares of the company’s stock, valued at C$2,800,000. The trade was a 44.91% decrease in their position. Over the last quarter, insiders have sold 5,473,200 shares of company stock worth $7,824,280. Company 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.
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