Minera Alamos (CVE:MAI) Stock Price Down 1.4% - Here's What Happened

Minera Alamos Inc. (CVE:MAI - Get Free Report)'s stock price was down 1.4% during trading on Tuesday . The company traded as low as C$0.37 and last traded at C$0.37. Approximately 496,459 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 547,784 shares. The stock had previously closed at C$0.37.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on MAI shares. Desjardins upgraded Minera Alamos to a "moderate buy" rating in a research report on Monday, April 28th. National Bank Financial upgraded Minera Alamos to a "strong-buy" rating in a report on Sunday, May 4th.

Minera Alamos Price Performance

The firm has a 50-day simple moving average of C$0.36 and a two-hundred day simple moving average of C$0.34. The company has a market capitalization of C$169.44 million, a price-to-earnings ratio of -12.00 and a beta of 1.37. The company has a current ratio of 4.26, a quick ratio of 3.89 and a debt-to-equity ratio of 21.24.

Minera Alamos Company Profile

Minera Alamos Inc engages in the acquisition, exploration, development, and operation of mineral properties in Mexico. The company explores for gold, silver, molybdenum, and copper deposits. It holds 100% interests in the Santana project consists of 9 mining claims covering an area of approximately 3,100 hectares located in the east-southeast of Hermosillo, Sonora; the Cerro de Oro project that includes an area of 6,500 hectares situated in Zacatecas, Mexico; and the La Fortuna project covering an area of approximately 6,100 hectares located in Durango State, Mexico, as well as the Los Verdes property located in the State of Sonora, Mexico.