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

Key Points

• Minera Alamos Inc. shares fell by 24.5% on Thursday, closing at C$0.36 after trading as low as C$0.36, with a significant trading volume of over 7.7 million shares.
• Despite the drop in share price, analyst reports have upgraded Minera Alamos, with National Bank Financial assigning a "strong-buy" rating on May 4th and Desjardins giving it a "moderate buy" rating on April 28th.
• The company's financials show a market capitalization of C$167.09 million, a P/E ratio of -11.83, and it holds various mining projects in Mexico focused on minerals like gold and silver.

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MAI. National Bank Financial raised 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 Down 24.5%

The business has a 50-day moving average price of C$0.39 and a 200 day moving average price of C$0.36. The company has a current ratio of 4.26, a quick ratio of 3.89 and a debt-to-equity ratio of 21.24. The stock has a market capitalization of C$167.09 million, a P/E ratio of -11.83 and a beta of 1.37.

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.

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