Minera Alamos (CVE:MAI) Shares Down 24.5% - Should You Sell?

Key Points

• Minera Alamos Inc. shares fell by 24.5% to C$0.36, with trading volume significantly increasing by 1,137% from the average session.
• Despite the drop, analysts have recently upgraded the stock, with National Bank Financial issuing a "strong-buy" rating and Desjardins giving it a "moderate buy" rating.
• The company, with a market cap of C$167.09 million, operates mineral properties in Mexico, focusing on gold, silver, molybdenum, and copper deposits.

Minera Alamos Inc. (CVE:MAI - Get Free Report)'s stock price was down 24.5% on Friday . The company traded as low as C$0.36 and last traded at C$0.36. Approximately 7,736,001 shares were traded during trading, an increase of 1,137% from the average daily volume of 625,215 shares. The stock had previously closed at C$0.47.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. National Bank Financial upgraded 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 report on Monday, April 28th.

Minera Alamos Stock Performance

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 company has a market cap of C$162.38 million, a P/E ratio of -11.50 and a beta of 1.37. The business has a fifty day moving average of C$0.39 and a 200 day moving average of C$0.36.

Minera Alamos Company Profile

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.