Minera Alamos (CVE:MAI) Stock Price Down 9.2% – What’s Next?

Minera Alamos Inc. (CVE:MAI) dropped 9.2% during trading on Tuesday . The company traded as low as C$0.33 and last traded at C$0.35. Approximately 1,700,753 shares changed hands during mid-day trading, an increase of 239% from the average daily volume of 501,868 shares. The stock had previously closed at C$0.38.

Analyst Ratings Changes

MAI has been the subject of several research reports. National Bank Financial raised shares of Minera Alamos to a “strong-buy” rating in a research note on Sunday, May 4th. Desjardins upgraded Minera Alamos to a “moderate buy” rating in a report on Monday, April 28th.

Minera Alamos Trading Down 5.8%

The company has a market capitalization of C$152.97 million, a PE ratio of -10.83 and a beta of 1.37. The company has a fifty day simple moving average of C$0.36 and a 200-day simple moving average of C$0.33. 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.