Minera Alamos (CVE:MAI) Stock Price Down 1.2% – Time to Sell?

Minera Alamos Inc. (CVE:MAI) shares dropped 1.2% on Tuesday . The stock traded as low as C$6.81 and last traded at C$7.13. Approximately 158,191 shares were traded during trading, a decline of 64% from the average daily volume of 444,127 shares. The stock had previously closed at C$7.22.

Analyst Ratings Changes

Separately, Stifel Nicolaus set a C$9.50 price target on shares of Minera Alamos and gave the company a “buy” rating in a research report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$8.00.

Minera Alamos Price Performance

The company has a quick ratio of 3.89, a current ratio of 4.26 and a debt-to-equity ratio of 21.24. The firm has a fifty day moving average price of C$6.31 and a two-hundred day moving average price of C$5.43. The stock has a market capitalization of C$770.35 million, a P/E ratio of -11.59 and a beta of 1.93.

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.