Minera Alamos (CVE:MAI) Trading 6% Higher – Should You Buy?

Minera Alamos Inc. (CVE:MAI)’s stock price shot up 6% during trading on Thursday . The company traded as high as C$0.27 and last traded at C$0.27. 72,500 shares changed hands during trading, a decline of 80% from the average session volume of 369,022 shares. The stock had previously closed at C$0.25.

Wall Street Analysts Forecast Growth

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

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 firm has a 50 day moving average price of C$0.30 and a 200 day moving average price of C$0.30. The stock has a market cap of C$127.08 million, a PE ratio of -9.00 and a beta of 1.37.

Insider Buying and Selling at Minera Alamos

In related news, Director Doug Ramshaw bought 150,000 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were acquired at an average price of C$0.28 per share, with a total value of C$41,250.00. Insiders own 5.11% of the company’s stock.

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.