Minera Alamos (CVE:MAI) Shares Down 2.1% - Time to Sell?

Key Points

• Minera Alamos Inc. (CVE:MAI) shares fell by 2.1%, trading at C$0.47 with a 57% drop in mid-day trading volume compared to the average.
• National Bank Financial upgraded Minera Alamos to a "strong-buy" rating, while Desjardins issued a "moderate buy" rating on the stock.
• The company has a market capitalization of C$221.22 million and is involved in the acquisition and exploration of mineral properties in Mexico, focusing on precious metals.

Minera Alamos Inc. (CVE:MAI - Get Free Report)'s share price fell 2.1% during trading on Wednesday . The stock traded as low as C$0.47 and last traded at C$0.47. 251,281 shares were traded during trading, a decline of 57% from the average session volume of 577,810 shares. The stock had previously closed at C$0.48.

Wall Street Analyst Weigh In

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

Minera Alamos Trading Down 2.8%

The firm has a market cap of C$162.38 million, a P/E ratio of -11.50 and a beta of 1.37. The company's 50 day moving average is C$0.39 and its two-hundred day moving average is C$0.36. The company has a debt-to-equity ratio of 21.24, a current ratio of 4.26 and a quick ratio of 3.89.

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.