Minera Alamos (CVE:MAI) Stock Price Up 6% – Here’s What Happened

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

Analyst Ratings Changes

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

Minera Alamos Trading Up 6.0 %

The company has a 50 day moving average of C$0.31 and a 200-day moving average of C$0.30. The stock has a market cap of C$124.73 million, a price-to-earnings ratio of -8.83 and a beta of 1.37. The company has a debt-to-equity ratio of 21.24, a quick ratio of 3.89 and a current ratio of 4.26.

Insider Transactions at Minera Alamos

In related news, Director Doug Ramshaw acquired 150,000 shares of the business’s stock in a transaction dated 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. Corporate 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.