The stock of Alphamin Resources Corp. (CVE:AFM) hit a new 52-week high and has $0.91 target or 195.00% above today’s $0.31 share price. The 7 months bullish chart indicates low risk for the $132.75M company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $0.91 price target is reached, the company will be worth $258.86M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 150,761 shares traded hands or 102.24% up from the average. Alphamin Resources Corp. (CVE:AFM) has risen 6.00% since October 18, 2016 and is uptrending. It has outperformed by 1.38% the S&P500.
More notable recent Alphamin Resources Corp. (CVE:AFM) news were published by: Marketwired.com which released: “Alphamin Resources Corp.: Granting of Mining License” on February 09, 2015, also Marketwired.com with their article: “Alphamin DRC Subsidiary Joins the Conflict-Free Sourcing Initiative” published on November 08, 2016, Bloomberg.com published: “Congo’s War-Torn East Earmarked for $123 Million Tin Mine” on March 01, 2016. More interesting news about Alphamin Resources Corp. (CVE:AFM) were released by: Juniorminingnetwork.com and their article: “Alphamin Resources Provides Bisie Project Update/Announces Private Placement” published on September 08, 2016 as well as Bloomberg.com‘s news article titled: “Mountain of Tin Draws Investors to World’s Biggest Untapped Site” with publication date: May 03, 2016.
Alphamin Resources Corp. is a Mauritius firm engaged in tin exploration and mining business. The company has a market cap of $132.75 million. The Firm is engaged in the business of locating, acquiring, exploring, evaluating and, if warranted, developing mineral properties. It currently has negative earnings. The Company’s exploration and evaluation assets are located in the Democratic Republic of the Congo.
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