Minera Alamos (OTCMKTS:MAIFF) Shares Up 4.2% – Here’s Why

Shares of Minera Alamos Inc. (OTCMKTS:MAIFF) shot up 4.2% on Friday . The stock traded as high as $5.09 and last traded at $4.91. 225,356 shares changed hands during mid-day trading, a decline of 21% from the average session volume of 286,107 shares. The stock had previously closed at $4.71.

Minera Alamos Trading Up 4.2%

The stock’s 50 day moving average price is $4.48 and its 200 day moving average price is $3.77.

Minera Alamos Company Profile

Minera Alamos Inc is a Canada-based mineral exploration and development company focused on the acquisition, exploration, development and operation of gold properties in Mexico. The company’s core strategy centers on advancing low‐cost, open‐pit heap‐leach gold projects toward production, leveraging Mexico’s well‐established mining infrastructure and favorable regulatory environment. Headquartered in Vancouver, British Columbia, Minera Alamos trades on the OTC Marketplace under the symbol MAIFF.

Minera Alamos’ flagship asset is the Santana project in Sonora, where a fully permitted open‐pit, heap‐leach operation has been commissioned.