Minera Alamos (CVE:MAI) Trading Up 20% - Still a Buy?

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Desjardins raised Minera Alamos to a "moderate buy" rating in a report 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 Stock Performance

The stock has a market cap of C$214.16 million, a P/E ratio of -15.17 and a beta of 1.37. 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 company has a fifty day moving average of C$0.38 and a 200 day moving average of 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.