Alphamin Resources (CVE:AFM) Trading Down 5.1% – What’s Next?

Alphamin Resources Corp. (CVE:AFMGet Free Report)’s share price fell 5.1% on Tuesday . The stock traded as low as C$1.57 and last traded at C$1.57. Approximately 1,182,763 shares traded hands during mid-day trading, a decline of 12% from the average session volume of 1,342,946 shares. The stock had previously closed at C$1.66.

Alphamin Resources Price Performance

The company has a current ratio of 1.68, a quick ratio of 2.02 and a debt-to-equity ratio of 10.15. The firm has a market cap of C$1.94 billion, a PE ratio of 8.81 and a beta of 0.65. The stock has a 50 day simple moving average of C$1.45 and a 200-day simple moving average of C$1.36.

Insider Buying and Selling at Alphamin Resources

In related news, Director Sean Norman Naylor sold 1,630,200 shares of the stock in a transaction dated 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 owned 2,000,000 shares in the company, valued at approximately C$2,800,000. This trade represents a 44.91% decrease in their ownership of the stock. 58.59% of the stock is currently owned by company insiders.

About Alphamin Resources

(Get Free Report)

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.

Further Reading

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