Minera Alamos (CVE:MAI) Shares Up 6% – Here’s What Happened

Minera Alamos Inc. (CVE:MAI) shares were up 6% on Thursday . The stock traded as high as C$0.27 and last traded at C$0.27. Approximately 72,500 shares changed hands during trading, a decline of 80% from the average daily volume of 369,022 shares. The stock had previously closed at C$0.25.

Wall Street Analysts Forecast Growth

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

Minera Alamos Stock Performance

The company has a market capitalization of C$127.08 million, a P/E ratio of -9.00 and a beta of 1.37. The business has a 50 day moving average of C$0.30 and a 200 day moving average of C$0.30. The company has a quick ratio of 3.89, a current ratio of 4.26 and a debt-to-equity ratio of 21.24.

Insider Activity

In related news, Director Doug Ramshaw bought 150,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were purchased at an average price of C$0.28 per share, with a total value of C$41,250.00. Corporate insiders own 5.11% of the company’s stock.

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.