Alphamin Resources (CVE:AFM) Insider Jac Van Heerden Sells 179,600 Shares of Stock

Key Points

  • Insider Jac Van Heerden sold 390,500 Alphamin Resources shares at an average price of C$1.52, generating approximately C$593,560 in proceeds.
  • Van Heerden also sold 179,600 shares the following day at C$1.50 each, bringing his reported recent sales to 570,100 shares worth about C$862,960.
  • Alphamin Resources shares were trading up 3.7% at C$1.40, with the company valued at approximately C$1.80 billion and operating the Bisie tin mine in the Democratic Republic of Congo.

Alphamin Resources Corp. (CVE:AFM - Get Free Report) insider Jac Van Heerden sold 179,600 shares of Alphamin Resources stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of C$1.50, for a total transaction of C$269,400.00.

Jac Van Heerden also recently made the following trade(s):

  • On Tuesday, September 8th, Jac Van Heerden sold 390,500 shares of Alphamin Resources stock. The stock was sold at an average price of C$1.52, for a total value of C$593,560.00.

Alphamin Resources Price Performance

CVE:AFM opened at C$1.40 on Friday. The company's 50-day moving average is C$1.47 and its two-hundred day moving average is C$1.39. The company has a current ratio of 1.68, a quick ratio of 2.02 and a debt-to-equity ratio of 10.15. The firm has a market cap of C$1.80 billion, a price-to-earnings ratio of 8.17 and a beta of 0.55. Alphamin Resources Corp. has a 12-month low of C$0.91 and a 12-month high of C$1.68.

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.

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