Key Points
- Alphamin Resources director John Mackinnon Robertson sold 345,400 shares on May 12 at an average price of C$1.45, for total proceeds of C$500,830.
- Robertson also sold more than 1.3 million additional shares in multiple transactions on May 11, with prices ranging from C$1.41 to C$1.44, adding to a larger pattern of insider selling.
- The stock was trading near C$1.49 with a market cap of about C$1.91 billion, while the company showed strong short-term liquidity but a high debt-to-equity ratio of 11.57.
Alphamin Resources Corp. (CVE:AFM - Get Free Report) Director John Mackinnon Robertson sold 345,400 shares of the company's stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of C$1.45, for a total transaction of C$500,830.00.
John Mackinnon Robertson also recently made the following trade(s):
- On Monday, May 11th, John Mackinnon Robertson sold 202,500 shares of Alphamin Resources stock. The stock was sold at an average price of C$1.43, for a total transaction of C$289,575.00.
- On Monday, May 11th, John Mackinnon Robertson sold 452,100 shares of Alphamin Resources stock. The stock was sold at an average price of C$1.44, for a total transaction of C$651,024.00.
- On Monday, May 11th, John Mackinnon Robertson sold 439,300 shares of Alphamin Resources stock. The stock was sold at an average price of C$1.41, for a total transaction of C$619,413.00.
Alphamin Resources Stock Performance
Shares of AFM opened at C$1.49 on Thursday. The company has a current ratio of 2.31, a quick ratio of 2.03 and a debt-to-equity ratio of 11.57. The firm has a market cap of C$1.91 billion, a PE ratio of 10.17 and a beta of 0.80. The company's 50 day simple moving average is C$1.27 and its 200-day simple moving average is C$1.23. Alphamin Resources Corp. has a 12-month low of C$0.77 and a 12-month high of C$1.59.
Alphamin Resources News Summary
Here are the key news stories impacting Alphamin Resources this week:
- Negative Sentiment: Director John Mackinnon Robertson sold more than 1.4 million shares across multiple trades on May 11-12 at prices between C$1.41 and C$1.45, signaling reduced insider ownership and possibly raising concern about near-term confidence. Alphamin Resources insider sales report
- Negative Sentiment: Director Charles Denby Stockton Needham also sold a large block of shares in several transactions, trimming his holdings by double-digit percentages, which adds to the negative tone around the stock. Alphamin Resources insider sales report
- Neutral Sentiment: The shares were sold in a relatively tight price range around C$1.43-C$1.48, suggesting the trading may reflect portfolio management or liquidity needs rather than an operational issue. Alphamin Resources insider sales report
About Alphamin Resources
(
Get Free Report)
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.
Further Reading
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