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Minera Alamos (CVE:MAI) Shares Down 22.3% - What's Next?

Minera Alamos logo with Basic Materials background

Key Points

  • Minera Alamos Inc. shares experienced a significant decline of 22.3%, dropping from C$0.47 to C$0.37 during trading, with a notable increase in trading volume.
  • Analysts have issued optimistic upgrades for the company, with Desjardins rating it as a "moderate buy" and National Bank Financial labeling it a "strong-buy".
  • Minera Alamos has a market cap of C$167.09 million and operates several mineral projects in Mexico, focusing on gold, silver, and copper exploration.
  • 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 share price traded down 22.3% during trading on Thursday . The stock traded as low as C$0.36 and last traded at C$0.37. 7,180,490 shares traded hands during mid-day trading, an increase of 1,066% from the average session volume of 616,071 shares. The stock had previously closed at C$0.47.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Desjardins raised 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 research note on Sunday, May 4th.

Check Out Our Latest Stock Report on MAI

Minera Alamos Stock Performance

The stock has a market cap of C$167.09 million, a PE ratio of -11.83 and a beta of 1.37. The company has a quick ratio of 3.89, a current ratio of 4.26 and a debt-to-equity ratio of 21.24. The firm has a 50 day moving average price of C$0.39 and a 200 day moving average price of C$0.36.

Minera Alamos Company Profile

(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.

See Also

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