Minera Alamos (CVE:MAI) Stock Price Down 2.5% - Here's What Happened

Minera Alamos Inc. (CVE:MAI - Get Free Report)'s stock price fell 2.5% on Wednesday . The stock traded as low as C$0.39 and last traded at C$0.39. 438,067 shares traded 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.

Analyst Upgrades and Downgrades

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

Minera Alamos Price Performance

The company has a market capitalization of C$181.21 million, a P/E ratio of -12.83 and a beta of 1.37. The business's 50-day simple moving average is C$0.36 and its 200 day simple moving average is C$0.33. The company has a current ratio of 4.26, a quick ratio of 3.89 and a debt-to-equity ratio of 21.24.

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.