Minera Alamos Inc. (CVE:MAI - Get Free Report) shares traded down 2.5% on Wednesday . The stock traded as low as C$0.39 and last traded at C$0.39. 438,067 shares changed hands during mid-day trading, a decline of 11% from the average session volume of 494,474 shares. The stock had previously closed at C$0.40.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the stock. Desjardins upgraded shares of Minera Alamos to a "moderate buy" rating in a report on Monday, April 28th. National Bank Financial upgraded shares of Minera Alamos to a "strong-buy" rating in a report on Sunday, May 4th.
View Our Latest Stock Analysis on Minera Alamos
Minera Alamos Trading Down 2.5%
The company's fifty day simple moving average is C$0.36 and its two-hundred day simple moving average is C$0.33. The company has a quick ratio of 3.89, a current ratio of 4.26 and a debt-to-equity ratio of 21.24. The company has a market capitalization of C$183.57 million, a price-to-earnings ratio of -13.00 and a beta of 1.37.
About Minera Alamos
(
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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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