Minera Alamos (CVE:MAI) Shares Down 9.2% – Should You Sell?

Minera Alamos Inc. (CVE:MAI) shares were down 9.2% on Tuesday . The company traded as low as C$0.33 and last traded at C$0.35. Approximately 1,700,753 shares were traded during mid-day trading, an increase of 239% from the average daily volume of 501,868 shares. The stock had previously closed at C$0.38.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Desjardins raised shares of Minera Alamos to a “moderate buy” rating in a research note on Monday, April 28th. National Bank Financial upgraded shares of Minera Alamos to a “strong-buy” rating in a research report on Sunday, May 4th.

Minera Alamos Stock Down 9.2%

The firm has a market cap of C$162.38 million, a PE ratio of -11.50 and a beta of 1.37. The company has a debt-to-equity ratio of 21.24, a current ratio of 4.26 and a quick ratio of 3.89. The business has a fifty day moving average price of C$0.36 and a two-hundred day moving average price of C$0.33.

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.