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

Key Points

• Minera Alamos' share price fell by 24.5%, trading as low as C$0.36 on Friday, with trading volume increasing to approximately 7.7 million shares.
• Equities research firms National Bank Financial and Desjardins recently upgraded Minera Alamos to "strong-buy" and "moderate buy" ratings, respectively.
• The company's market capitalization stands at C$167.09 million with a PE ratio of -11.83 and a debt-to-equity ratio of 21.24.

Minera Alamos Inc. (CVE:MAI - Get Free Report) shares traded down 24.5% during mid-day trading on Friday . The company traded as low as C$0.36 and last traded at C$0.36. 7,736,001 shares traded hands 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.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. National Bank Financial upgraded 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 Price Performance

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 firm has a fifty day moving average price of C$0.39 and a two-hundred day moving average price of C$0.36. The stock has a market capitalization of C$162.38 million, a P/E ratio of -11.50 and a beta of 1.37.

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.