What Will Happen to Alphamin Resources Corp. Next? The Stock Just Reaches 52-Week High

 What Will Happen to Alphamin Resources Corp. Next? The Stock Just Reaches 52 Week High

The stock of Alphamin Resources Corp. (CVE:AFM) hit a new 52-week high and has $0.39 target or 8.00% above today’s $0.36 share price. The 7 months bullish chart indicates low risk for the $154.71M company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $0.39 price target is reached, the company will be worth $12.38 million 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 158,500 shares traded hands or 57.51% up from the average. Alphamin Resources Corp. (CVE:AFM) has risen 6.00% since October 29, 2016 and is uptrending. It has underperformed by 0.01% 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 Reuters.com with their article: “BRIEF-Alphamin Resources says managing director of democratic republic of …” published on September 19, 2016, Juniorminingnetwork.com published: “Alphamin Resources Announces Completion of US$8.5 Million Private Placement” on October 17, 2016. More interesting news about Alphamin Resources Corp. (CVE:AFM) were released by: Bloomberg.com and their article: “Congo’s War-Torn East Earmarked for $123 Million Tin Mine” published on March 01, 2016 as well as Juniorminingnetwork.com‘s news article titled: “Alphamin Resources Provides Bisie Project Update/Announces Private Placement” with publication date: September 08, 2016.

Alphamin Resources Corp. is a Mauritius firm engaged in tin exploration and mining business. The company has a market cap of $154.71 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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