Minera Alamos (CVE:MAI) Trading Up 4.3% - Should You Buy?

Minera Alamos Inc. (CVE:MAI - Get Free Report) shares were up 4.3% on Tuesday . The company traded as high as C$0.37 and last traded at C$0.37. Approximately 381,144 shares changed hands during mid-day trading, a decline of 7% from the average daily volume of 411,605 shares. The stock had previously closed at C$0.35.

Analyst Ratings Changes

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

Minera Alamos Stock Performance

The firm has a market capitalization of C$174.15 million, a PE ratio of -12.33 and a beta of 1.37. The business has a 50-day simple moving average of C$0.35 and a 200-day simple moving average of C$0.32. The company has a debt-to-equity ratio of 21.24, a current ratio of 4.26 and a quick ratio of 3.89.

About Minera Alamos

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.