Minera Alamos (CVE:MAI) Stock Price Down 5.5% – What’s Next?

Minera Alamos Inc. (CVE:MAI) fell 5.5% during trading on Thursday . The company traded as low as C$0.34 and last traded at C$0.35. 1,440,336 shares traded hands during trading, an increase of 513% from the average session volume of 234,839 shares. The stock had previously closed at C$0.37.

Minera Alamos Stock Down 1.4 %

The company has a current ratio of 4.26, a quick ratio of 3.89 and a debt-to-equity ratio of 21.24. The firm has a market cap of C$160.03 million, a PE ratio of -11.33 and a beta of 1.37. The business’s 50-day simple moving average is C$0.31 and its 200 day simple moving average is C$0.31.

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.