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Alphamin Resources Corp V.AFM

Alternate Symbol(s):  AFMJF

Alphamin Resources Corp. is a Mauritius-based company, which is engaged in the production and sale of tin concentrate from the Bisie Tin mine in the Democratic Republic of the Congo (DRC). The Company sells its product to one customer, Gerald Metals SA. The Company’s Mpama South development project is adjacent to the producing Mpama North mine and comprises a new underground development portal, processing plant and associated equipment. The Company has developed and brought the Bisie Tin Mine project in production. The Company’s subsidiaries include Alphamin Bisie Mining SA, Alphamin South Africa (Pty) Limited, Alphamin Holdings (BVI) Ltd, and Alphamin Holdings (BVI) Ltd.


TSXV:AFM - Post by User

Comment by GrahamBon Nov 09, 2021 8:35pm
73 Views
Post# 34107670

RE:WOW 3million shares

RE:WOW 3million shares
Chefboy69 wrote: I swear i had nothing to do with this Milman lol






Not really Chefboy...

This is a common mistake, or tactic of pumpers....


At first glance, it may be encouraging to say a high number of shares traded, But when you recognize there is over 1 billion shares, and account for the dollar value traded, you will recognize that the actual volume of shares traded is not the largest on the TSX, and it is a reminder to do the VWAP.

 

Remember  you need to account for the actual number of shares of traded , multiply that by the price and divided by the total shares traded, to come up with a volume weighted average price 

 

(VWAP = sum  of the dollars traded for every transaction (price multiplied by the number of shares traded) and then dividing by the total shares traded.

 

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