Alphamin Resources (CVE:AFM) Stock Price Crosses Above Fifty Day Moving Average of $0.87

Alphamin Resources is a Canadian mining company that operates in the Democratic Republic of Congo (DRC). The company's primary focus is on the production of tin and tantalum, which are used in various electronic devices such as smartphones and laptops.

On August 10th, 2021, Alphamin Resources announced that its common stock price had crossed above the fifty-day moving average of $0.87. This is a positive sign for investors, as it indicates that the stock's price is trending upwards and may continue to do so in the near future.

It's worth noting that Alphamin Resources has been experiencing growth in recent years. In 2019, the company reported record-breaking production of tin and tantalum, with revenue increasing by over 300% compared to the previous year. This growth is attributed to the successful expansion of its mining operations in the DRC.

Additionally, Alphamin Resources has been working on several strategic initiatives aimed at further expanding its business. For example, the company recently announced plans to develop a new mine in the DRC that will increase its production capacity and further diversify its product offerings.

Overall, the fact that Alphamin Resources' stock price has crossed above the fifty-day moving average of $0.87 is a positive development for the company and its investors. With ongoing growth and expansion plans in place, Alphamin Resources is well positioned to continue delivering value to its stakeholders.