Minera Alamos (CVE:MAI) Shares Up 1.8% – Should You Buy?

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

Analyst Upgrades and Downgrades

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

Minera Alamos Stock Performance

The company has a debt-to-equity ratio of 21.24, a quick ratio of 3.89 and a current ratio of 4.26. The stock has a market cap of C$129.44 million, a PE ratio of -9.17 and a beta of 1.37. The company’s 50-day moving average price is C$0.34 and its two-hundred day moving average price is C$0.31.

Insider Buying and Selling at Minera Alamos

In other Minera Alamos news, Director Doug Ramshaw acquired 150,000 shares of the 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. Company insiders own 5.11% of the company’s stock.

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.