Minera Alamos (CVE:MAI) Trading Up 20% - Here's What Happened

Minera Alamos Inc. (CVE:MAI - Get Free Report) shares traded up 20% during trading on Tuesday . The stock traded as high as C$0.49 and last traded at C$0.48. 3,646,347 shares changed hands during mid-day trading, an increase of 543% from the average session volume of 566,992 shares. The stock had previously closed at C$0.40.

Analysts Set New Price Targets

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

Minera Alamos Trading Down 5.8%

The company has a debt-to-equity ratio of 21.24, a current ratio of 4.26 and a quick ratio of 3.89. The firm has a market capitalization of C$214.16 million, a PE ratio of -15.17 and a beta of 1.37. The stock's 50-day moving average price is C$0.38 and its 200 day moving average price is C$0.35.

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.