Alphamin Resources (CVE:AFM) Hits New 52-Week High – Still a Buy?

Shares of Alphamin Resources Corp. (CVE:AFM) reached a new 52-week high during trading on Tuesday . The company traded as high as C$1.23 and last traded at C$1.22, with a volume of 652993 shares traded. The stock had previously closed at C$1.15.

Alphamin Resources Price Performance

The company has a debt-to-equity ratio of 21.69, a quick ratio of 2.03 and a current ratio of 1.28. The stock has a market capitalization of C$1.59 billion, a PE ratio of 13.38 and a beta of 0.42. The stock’s 50 day moving average is C$1.10 and its two-hundred day moving average is C$1.03.

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.