Minera Alamos (CVE:MAI) Shares Down 1.3% – Should You Sell?

Minera Alamos Inc. (CVE:MAI)’s stock price traded down 1.3% on Monday . The company traded as low as C$0.36 and last traded at C$0.39. 938,466 shares traded hands during trading, an increase of 169% from the average session volume of 349,342 shares. The stock had previously closed at C$0.39.

Minera Alamos Stock Performance

The stock has a market cap of C$174.15 million, a PE ratio of -13.00 and a beta of 1.37. 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 business has a 50 day moving average price of C$0.31 and a two-hundred day moving average price of C$0.32.

Minera Alamos (CVE:MAI) last released its quarterly earnings data on Thursday, August 29th. The company reported C($0.02) earnings per share for the quarter. The company had revenue of C$1.50 million for the quarter. Minera Alamos had a negative net margin of 159.36% and a negative return on equity of 31.80%. As a group, equities research analysts forecast that Minera Alamos Inc. will post 0.0444178 EPS for the current fiscal year.

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.