Alphamin Resources (CVE:AFM) Hits New 52-Week Low – Should You Sell?

Alphamin Resources Corp. (CVE:AFM) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.72 and last traded at C$0.95, with a volume of 900172 shares changing hands. The stock had previously closed at C$1.07.

Alphamin Resources Trading Down 7.5 %

The company has a debt-to-equity ratio of 21.27, a quick ratio of 2.03 and a current ratio of 1.06. The company has a market capitalization of C$1.27 billion, a P/E ratio of 16.50 and a beta of 1.21. The company has a 50-day simple moving average of C$1.11 and a 200 day simple moving average of C$1.11.

Alphamin Resources (CVE:AFM) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C$0.03 earnings per share for the quarter. Alphamin Resources had a net margin of 16.02% and a return on equity of 17.87%. Sell-side analysts expect that Alphamin Resources Corp. will post 0.1272534 earnings per share for the current year.

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.