Minera Alamos (CVE:MAI) Shares Down 1.4% - Should You Sell?

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. National Bank Financial raised shares of Minera Alamos to a "strong-buy" rating in a research report on Sunday, May 4th. Desjardins upgraded shares of Minera Alamos to a "moderate buy" rating in a research note on Monday, April 28th.

Minera Alamos Price Performance

The company has a debt-to-equity ratio of 21.24, a quick ratio of 3.89 and a current ratio of 4.26. The firm has a market capitalization of C$184.98 million, a P/E ratio of -13.10 and a beta of 1.37. The stock's 50 day simple moving average is C$0.36 and its 200 day simple moving average is C$0.34.

About Minera Alamos

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.