Minera Alamos (CVE:MAI) Trading Up 3.2% – Should You Buy?

Minera Alamos Inc. (CVE:MAI)’s share price was up 3.2% during mid-day trading on Wednesday . The stock traded as high as C$0.32 and last traded at C$0.32. Approximately 114,500 shares changed hands during mid-day trading, a decline of 1% from the average daily volume of 115,775 shares. The stock had previously closed at C$0.31.

Analyst Ratings Changes

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

Minera Alamos Trading Up 1.5 %

The company’s fifty day simple moving average is C$0.28 and its two-hundred day simple moving average is C$0.30. The company has a market capitalization of C$157.68 million, a price-to-earnings ratio of -11.17 and a beta of 1.37. The company has a quick ratio of 3.89, a current ratio of 4.26 and a debt-to-equity ratio of 21.24.

Insider Buying and Selling

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 purchased at an average cost of C$0.28 per share, for a total transaction of C$41,250.00. 5.11% of the stock is currently owned by company insiders.

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.