Minera Alamos (CVE:MAI) Stock Price Down 24.5% - Here's What Happened

Key Points

• Minera Alamos Inc.'s share price dropped by 24.5% to C$0.36, with trading volume increasing significantly by 1,137% compared to the average.
• Analysts have upgraded their ratings for Minera Alamos, with National Bank Financial assigning a "strong-buy" rating and Desjardins issuing a "moderate buy" rating.
• The company currently has a market cap of C$167.09 million, a negative P/E ratio of -11.83, and a high debt-to-equity ratio of 21.24.

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

Analyst Ratings Changes

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

Minera Alamos Trading Down 2.8%

The firm has a market cap of C$162.38 million, a price-to-earnings ratio of -11.50 and a beta of 1.37. The company has a 50-day moving average price of C$0.39 and a 200 day moving average price of C$0.36. The company has a quick ratio of 3.89, a current ratio of 4.26 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.