Minera Alamos (CVE:MAI) Trading Down 24.5% - Here's Why

Key Points

• Minera Alamos Inc. saw a significant share price decrease of 24.5%, trading as low as C$0.36 on Friday, amid a surge in trading volume of over 1,137% from its average.
• Despite the decline, two analysts upgraded the company's stock ratings, with National Bank Financial assigning a "strong-buy" rating and Desjardins giving it a "moderate buy" rating.
• Minera Alamos has a market capitalization of C$167.09 million, with robust liquidity ratios including a quick ratio of 3.89 and a current ratio of 4.26.

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

Wall Street Analysts Forecast Growth

MAI has been the topic of several research analyst reports. National Bank Financial raised Minera Alamos to a "strong-buy" rating in a research note on Sunday, May 4th. Desjardins raised Minera Alamos to a "moderate buy" rating in a research note on Monday, April 28th.

Minera Alamos Trading Down 2.8%

The firm has a market cap of C$162.38 million, a P/E ratio of -11.50 and a beta of 1.37. The company has a 50 day moving average of C$0.39 and a 200 day moving average of C$0.36. The company has a debt-to-equity ratio of 21.24, a quick ratio of 3.89 and a current ratio of 4.26.

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.