Minera Alamos (CVE:MAI) Shares Down 4.2% - Time to Sell?

Key Points

• Minera Alamos shares fell 4.2% to C$0.34, with trading volume significantly higher at approximately 1.96 million shares, marking a 211% increase from its average daily volume.
• Brokerages have recently upgraded the stock, with National Bank Financial rating it as a "strong-buy" and Desjardins giving it a "moderate buy" rating.
• The company has a market capitalization of C$162.38 million and operates mineral properties in Mexico, focusing on gold, silver, molybdenum, and copper deposits.

Minera Alamos Inc. (CVE:MAI - Get Free Report) dropped 4.2% during trading on Friday . The company traded as low as C$0.34 and last traded at C$0.34. Approximately 1,960,533 shares were traded during trading, an increase of 211% from the average daily volume of 629,773 shares. The stock had previously closed at C$0.36.

Analyst Ratings Changes

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

Minera Alamos Stock Down 2.8%

The stock has a market capitalization of C$162.38 million, a price-to-earnings ratio of -11.50 and a beta of 1.37. The firm's fifty day moving average is C$0.39 and its 200-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.

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.