Minera Alamos (CVE:MAI) Stock Price Up 1.7% – Time to Buy?

Minera Alamos Inc. (CVE:MAI)’s share price was up 1.7% during trading on Friday . The stock traded as high as C$0.31 and last traded at C$0.30. Approximately 261,732 shares changed hands during trading, an increase of 151% from the average daily volume of 104,139 shares. The stock had previously closed at C$0.30.

Analysts Set New Price Targets

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

Minera Alamos Stock Up 1.7 %

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 has a market cap of C$141.20 million, a PE ratio of -10.00 and a beta of 1.37. The company’s fifty day moving average is C$0.28 and its 200-day moving average is C$0.30.

Insider Buying and Selling

In other Minera Alamos news, Director Doug Ramshaw acquired 150,000 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average price of C$0.28 per share, with a total value of C$41,250.00. 5.11% of the stock is currently owned by corporate 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.