Minera Alamos (CVE:MAI) Stock Price Up 1.8% – Here’s What Happened

Shares of Minera Alamos Inc. (CVE:MAI) traded up 1.8% during mid-day trading on Wednesday . The stock traded as high as C$0.28 and last traded at C$0.28. 99,417 shares were traded during mid-day trading, a decline of 73% from the average session volume of 372,407 shares. The stock had previously closed at C$0.28.

Wall Street Analyst Weigh In

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

Minera Alamos Price Performance

The stock has a 50-day moving average of C$0.34 and a 200 day moving average of C$0.31. The company has a market capitalization of C$129.44 million, a PE ratio of -9.17 and a beta of 1.37. 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 Buying and Selling

In other news, Director Doug Ramshaw acquired 150,000 shares of Minera Alamos stock in a transaction on Thursday, December 12th. The stock was acquired at an average cost of C$0.28 per share, with a total value of C$41,250.00. 5.11% of the stock is 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.