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Minera Alamos (CVE:MAI) Shares Down 22.3% - Should You Sell?

Minera Alamos logo with Basic Materials background

Key Points

  • Minera Alamos' stock price experienced a sharp decline of 22.3%, trading as low as C$0.36 during mid-day on Thursday.
  • Despite the drop, investment firms Desjardins and National Bank Financial have given the company upgrades, rating the shares as a "moderate buy" and "strong-buy" respectively.
  • The company's financials indicate a market capitalization of C$167.09 million and significant debt, highlighted by a debt-to-equity ratio of 21.24.
  • Want stock alerts on Minera Alamos? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Minera Alamos Inc. (CVE:MAI - Get Free Report)'s stock price traded down 22.3% during mid-day trading on Thursday . The stock traded as low as C$0.36 and last traded at C$0.37. 5,092,957 shares traded hands during mid-day trading, an increase of 739% from the average session volume of 606,769 shares. The stock had previously closed at C$0.47.

Wall Street Analyst Weigh In

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

Read Our Latest Stock Report on Minera Alamos

Minera Alamos Stock Performance

The stock has a 50-day simple moving average of C$0.39 and a 200 day simple moving average of 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. The company has a market capitalization of C$167.09 million, a PE ratio of -11.83 and a beta of 1.37.

About Minera Alamos

(Get Free Report)

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.

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