Minera Alamos (CVE:MAI) Trading Down 24.5% – Should You Sell?

Shares of Minera Alamos Inc. (CVE:MAI) traded down 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 were traded 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 Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. National Bank Financial upgraded shares of Minera Alamos to a “strong-buy” rating in a research note on Sunday, May 4th. Desjardins upgraded shares of Minera Alamos to a “moderate buy” rating in a research note on Monday, April 28th.

Minera Alamos Stock Performance

The company’s fifty day moving average is C$0.39 and its 200 day moving average is C$0.36. The company has a market capitalization of C$162.38 million, a P/E ratio of -11.50 and a beta of 1.37. The company has a current ratio of 4.26, a quick ratio of 3.89 and a debt-to-equity ratio of 21.24.

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.