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

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

Analyst Ratings Changes

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

Minera Alamos Stock Up 6.5 %

The firm has a market capitalization of C$155.32 million, a PE ratio of -11.00 and a beta of 1.37. The company has a fifty day simple moving average of C$0.28 and a two-hundred day simple moving average of C$0.30. 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 acquired 150,000 shares of Minera Alamos stock in a transaction dated Thursday, December 12th. The stock was purchased at an average cost of C$0.28 per share, for a total transaction of C$41,250.00. 5.11% of the stock is owned by corporate insiders.

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.