Minera Alamos (CVE:MAI) Shares Down 1.3% – Should You Sell?

Shares of Minera Alamos Inc. (CVE:MAI) traded down 1.3% on Monday . The stock traded as low as C$0.36 and last traded at C$0.39. 938,466 shares traded hands during mid-day trading, an increase of 169% from the average session volume of 349,342 shares. The stock had previously closed at C$0.39.

Minera Alamos Stock 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 company’s 50-day moving average is C$0.31 and its two-hundred day moving average is C$0.32. The company has a market capitalization of C$174.15 million, a P/E ratio of -13.00 and a beta of 1.37.

Minera Alamos (CVE:MAI) last posted its quarterly earnings data on Thursday, August 29th. The company reported C($0.02) earnings per share for the quarter. The company had revenue of C$1.50 million during the quarter. Minera Alamos had a negative return on equity of 31.80% and a negative net margin of 159.36%. Equities analysts anticipate that Minera Alamos Inc. will post 0.0444178 earnings per share for the current fiscal year.

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.