Minera Alamos (CVE:MAI) Shares Down 24.5% – Time to Sell?

Minera Alamos Inc. (CVE:MAI) dropped 24.5% on Friday . The company traded as low as C$0.36 and last traded at C$0.36. Approximately 7,736,001 shares traded hands during mid-day trading, an increase of 1,137% from the average daily volume of 625,215 shares. The stock had previously closed at C$0.47.

Analyst Upgrades and Downgrades

MAI has been the topic of a number of research analyst reports. Desjardins raised shares of 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 report on Sunday, May 4th.

Minera Alamos Stock Down 2.8%

The company has a quick ratio of 3.89, a current ratio of 4.26 and a debt-to-equity ratio of 21.24. 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 stock’s 50-day simple moving average is C$0.39 and its 200 day simple moving average is C$0.36.

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.