Minera Alamos (CVE:MAI) Stock Price Down 24.5% - Time to Sell?

Key Points

• Minera Alamos Inc. experienced a significant stock price drop of 24.5%, closing at C$0.36 after previously trading at C$0.47.
• Analysts showed mixed sentiments, with Desjardins upgrading shares to a "moderate buy" and National Bank Financial upgrading to a "strong-buy" rating.
• The company, based in Mexico, is focused on mineral properties and has a market cap of C$167.09 million with debt-to-equity and liquidity ratios suggesting a robust financial position.

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

Analysts Set New Price Targets

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

Minera Alamos Price 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 firm has a market cap of C$167.09 million, a price-to-earnings ratio of -11.83 and a beta of 1.37. The stock has a 50-day moving average price of C$0.39 and a 200 day moving average price of 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.

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