Minera Alamos (CVE:MAI) Trading Up 4.5% – Time to Buy?

Minera Alamos Inc. (CVE:MAI)’s share price traded up 4.5% on Wednesday . The stock traded as high as C$0.35 and last traded at C$0.35. 162,279 shares traded hands during trading, a decline of 15% from the average session volume of 190,386 shares. The stock had previously closed at C$0.34.

Analysts Set New Price Targets

Separately, Desjardins raised Minera Alamos to a “moderate buy” rating in a research note on Thursday, October 31st.

Minera Alamos Stock Performance

The stock has a market cap of C$164.74 million, a price-to-earnings ratio of -11.67 and a beta of 1.37. The company’s 50 day simple moving average is C$0.29 and its 200 day simple moving average is C$0.31. The company has a debt-to-equity ratio of 21.24, a quick ratio of 3.89 and a current ratio of 4.26.

Insider Activity at Minera Alamos

In other news, Director Doug Ramshaw bought 150,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average price of C$0.28 per share, with a total value of C$41,250.00. Company 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.