Minera Alamos (CVE:MAI) Shares Up 4.4% - Still a Buy?

Key Points

• Minera Alamos Inc. shares increased by 4.4%, reaching C$0.36 during mid-day trading, with a significant jump in trading volume by 317% from the average.
• National Bank Financial upgraded the stock to a "strong-buy" rating, contributing to an overall average rating of "Strong Buy" among analysts.
• The company's market cap stands at C$206.19 million with a notable debt-to-equity ratio of 21.24, indicating its current financial leverage position.

Minera Alamos Inc. (CVE:MAI - Get Free Report)'s share price shot up 4.4% during trading on Friday . The company traded as high as C$0.36 and last traded at C$0.36. 3,077,284 shares were traded during mid-day trading, an increase of 317% from the average session volume of 737,273 shares. The stock had previously closed at C$0.34.

Minera Alamos Trading Up 1.4%

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 business has a fifty day simple moving average of C$0.38 and a 200 day simple moving average of C$0.36. The company has a market cap of C$214.90 million, a price-to-earnings ratio of -3.56 and a beta of 0.91.

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.