Minera Alamos (CVE:MAI) Sets New 1-Year High – What’s Next?

Minera Alamos Inc. (CVE:MAI) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$6.75 and last traded at C$6.70, with a volume of 93118 shares changing hands. The stock had previously closed at C$6.51.

Minera Alamos Stock Down 5.3%

The company has a debt-to-equity ratio of 21.24, a quick ratio of 3.89 and a current ratio of 4.26. The stock’s fifty day moving average is C$4.72 and its two-hundred day moving average is C$4.20. The company has a market cap of C$670.95 million, a price-to-earnings ratio of -9.00 and a beta of 1.10.

Insider Activity

In related news, insider David Rodger Stewart purchased 12,000 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was acquired at an average price of C$4.40 per share, for a total transaction of C$52,800.00. Following the completion of the acquisition, the insider owned 44,500 shares of the company’s stock, valued at C$195,800. This represents a 36.92% increase in their position. 5.11% of the stock is currently owned by insiders.

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.