Minera Alamos (CVE:MAI) Shares Down 2.1% - Here's What Happened

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 dropped 2.1% during mid-day trading on Wednesday . The stock traded as low as C$0.47 and last traded at C$0.47. Approximately 251,281 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 577,810 shares. The stock had previously closed at C$0.48.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. National Bank Financial upgraded Minera Alamos to a "strong-buy" rating in a research report on Sunday, May 4th. Desjardins upgraded Minera Alamos to a "moderate buy" rating in a research note on Monday, April 28th.

Minera Alamos Stock Down 24.5%

The business's fifty day moving average price is C$0.39 and its 200 day moving average price is C$0.36. The firm has a market capitalization of C$167.09 million, a price-to-earnings ratio of -11.83 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.

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.