Minera Alamos (CVE:MAI) Trading Up 3.2% – Here’s Why

Minera Alamos Inc. (CVE:MAI)’s stock price traded up 3.2% during mid-day trading on Wednesday . The stock traded as high as C$0.32 and last traded at C$0.32. 114,500 shares were traded during mid-day trading, a decline of 1% from the average session volume of 115,775 shares. The stock had previously closed at C$0.31.

Wall Street Analysts Forecast Growth

Separately, Desjardins upgraded Minera Alamos to a “moderate buy” rating in a report on Thursday, October 31st.

Minera Alamos Price Performance

The stock has a market cap of C$157.68 million, a PE ratio of -11.17 and a beta of 1.37. The business has a fifty day moving average of C$0.28 and a 200 day moving average of C$0.30. The company has a debt-to-equity ratio of 21.24, a current ratio of 4.26 and a quick ratio of 3.89.

Insider Activity at Minera Alamos

In related news, Director Doug Ramshaw acquired 150,000 shares of Minera Alamos stock in a transaction dated Thursday, December 12th. The stock was acquired at an average cost of C$0.28 per share, with a total value of C$41,250.00. 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.