Minera Alamos (CVE:MAI) Stock Price Down 22.3% - Time to Sell?

Key Points

• Minera Alamos Inc. shares dropped 22.3% during trading, with prices falling to as low as C$0.36 and last seen at C$0.37.
• Despite the drop, analysts have a positive outlook, with some upgrading the stock to "moderate buy" and "strong-buy" ratings.
• The company focuses on the acquisition, exploration, and development of mineral properties in Mexico, including gold and copper deposits.

Minera Alamos Inc. (CVE:MAI - Get Free Report)'s share price traded down 22.3% during trading on Thursday . The company traded as low as C$0.36 and last traded at C$0.37. 5,092,957 shares were traded during 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 Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Desjardins raised shares of Minera Alamos to a "moderate buy" rating in a research report on Monday, April 28th. National Bank Financial raised shares of Minera Alamos to a "strong-buy" rating in a research report on Sunday, May 4th.

Minera Alamos Stock Performance

The stock has a market cap of C$162.38 million, a price-to-earnings ratio of -11.50 and a beta of 1.37. 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 stock's 50-day moving average is C$0.39 and its 200-day moving average is C$0.36.

About Minera Alamos

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.