Minera Alamos (CVE:MAI) Hits New 1-Year High – Should You Buy?

Minera Alamos Inc. (CVE:MAI) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$7.00 and last traded at C$6.94, with a volume of 171849 shares changing hands. The stock had previously closed at C$6.69.

Minera Alamos Trading Up 9.0%

The company has a 50-day moving average of C$5.73 and a 200 day moving average of C$4.56. 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 market cap of C$787.64 million, a PE ratio of -10.57 and a beta of 1.47.

Insider Buying and Selling at Minera Alamos

In related news, insider David Rodger Stewart bought 12,000 shares of the business’s stock in a transaction dated Monday, December 15th. The shares were purchased at an average price of C$4.40 per share, with a total value of C$52,800.00. Following the transaction, the insider owned 44,500 shares in the company, valued at C$195,800. This trade represents a 36.92% increase in their position. Corporate insiders own 5.11% of the company’s stock.

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.