Alliance Mining (CVE:ALM) Reaches New 12-Month High – Time to Buy?

Alliance Mining Corp. (CVE:ALMGet Free Report)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$0.14 and last traded at C$0.14, with a volume of 4000 shares changing hands. The stock had previously closed at C$0.09.

Alliance Mining Trading Up 64.7 %

The company has a market cap of C$1.22 million, a P/E ratio of -1.17 and a beta of 0.62. The company’s fifty day moving average is C$0.08 and its 200 day moving average is C$0.09.

About Alliance Mining

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Alliance Mining Corp. engages in the acquisition, exploration, and development of mineral properties in Canada. The company holds 50% interest in the Greenbelt Property comprising 27 contiguous mining claims covering an area of 410 hectares located south of Bissett, Manitoba. It also has an option agreement to purchase a 100% interest in the Moose Gold Property located in the Bisset Gold Mining Camp, Manitoba.

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