Minera Alamos (CVE:MAI) Stock Price Down 1.2% – Time to Sell?

Minera Alamos Inc. (CVE:MAI) dropped 1.2% during mid-day trading on Tuesday . The company traded as low as C$6.81 and last traded at C$7.13. Approximately 158,191 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 444,127 shares. The stock had previously closed at C$7.22.

Analyst Ratings Changes

Separately, Stifel Nicolaus set a C$9.50 price target on shares of Minera Alamos and gave the stock a “buy” rating in a research report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to data from MarketBeat, Minera Alamos has an average rating of “Buy” and an average target price of C$8.00.

Minera Alamos Stock Down 1.2%

The stock has a 50 day moving average of C$6.31 and a 200-day moving average of C$5.43. The firm has a market capitalization of C$770.35 million, a P/E ratio of -11.59 and a beta of 1.93. The company has a debt-to-equity ratio of 21.24, a quick ratio of 3.89 and a current ratio of 4.26.

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.