Minera Alamos (CVE:MAI) Stock Price Up 1.8% – What’s Next?

Shares of Minera Alamos Inc. (CVE:MAI) were up 1.8% during mid-day trading on Wednesday . The company traded as high as C$0.28 and last traded at C$0.28. Approximately 99,417 shares were traded during trading, a decline of 73% from the average daily volume of 372,407 shares. The stock had previously closed at C$0.28.

Wall Street Analysts Forecast Growth

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

Minera Alamos Trading Up 1.8 %

The firm’s 50 day moving average is C$0.34 and its 200 day moving average is C$0.31. The company has a debt-to-equity ratio of 21.24, a current ratio of 4.26 and a quick ratio of 3.89. The company has a market cap of C$131.79 million, a PE ratio of -9.33 and a beta of 1.37.

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.