Minera Alamos (CVE:MAI) Shares Up 17.5% - Here's Why

Minera Alamos Inc. (CVE:MAI - Get Free Report)'s stock price shot up 17.5% during mid-day trading on Tuesday . The company traded as high as C$0.49 and last traded at C$0.47. 2,836,509 shares were traded during trading, an increase of 406% from the average session volume of 560,283 shares. The stock had previously closed at C$0.40.

Analyst Upgrades and Downgrades

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

Minera Alamos Price Performance

The business's fifty day simple moving average is C$0.36 and its 200-day simple moving average is C$0.34. The firm has a market cap of C$218.87 million, a P/E ratio of -15.50 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.

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.

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