What’s Ahead for Alphamin Resources Corp After Today’s Huge Decline?

 What's Ahead for Alphamin Resources Corp After Today's Huge Decline?

The stock of Alphamin Resources Corp (CVE:AFM) is a huge mover today! About 128,500 shares traded hands or 23.22% up from the average. Alphamin Resources Corp (CVE:AFM) has risen 6.00% since November 1, 2016 and is uptrending. It has outperformed by 0.07% the S&P500.
The move comes after 8 months negative chart setup for the $162.81M company. It was reported on Dec, 1 by Barchart.com. We have $0.36 PT which if reached, will make CVE:AFM worth $9.77 million less.

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 $162.81 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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