Minera Alamos (CVE:MAI) Trading Down 22.3% - Here's Why

Key Points

• Minera Alamos Inc. (CVE:MAI) shares fell by 22.3% during mid-day trading, reaching a low of C$0.36, with a significant increase in trading volume of 7,180,490 shares.
• Analysts have recently upgraded the stock's rating, with National Bank Financial labeling it a "strong-buy" and Desjardins assigning it a "moderate buy."
• The company has a market capitalization of C$167.09 million and is focused on the acquisition and operation of mineral properties in Mexico, exploring for various deposits, including gold and silver.

Minera Alamos Inc. (CVE:MAI - Get Free Report)'s stock price fell 22.3% during mid-day trading on Thursday . The company traded as low as C$0.36 and last traded at C$0.37. 7,180,490 shares were traded during 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 Ratings Changes

Several equities research analysts recently issued reports on MAI shares. Desjardins raised shares of Minera Alamos to a "moderate buy" rating in a research note 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 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 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's fifty day simple moving average is C$0.39 and its two-hundred day simple moving average is 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.