Minera Alamos (CVE:MAI) Trading Down 1.3% - Here's Why

Shares of Minera Alamos Inc. (CVE:MAI - Get Free Report) dropped 1.3% during mid-day trading on Monday . The company traded as low as C$0.36 and last traded at C$0.39. Approximately 938,466 shares traded hands during mid-day trading, an increase of 169% from the average daily volume of 349,342 shares. The stock had previously closed at C$0.39.

Minera Alamos Stock Performance

The firm has a fifty day moving average of C$0.31 and a 200 day moving average of C$0.32. The stock has a market cap of C$183.57 million, a price-to-earnings ratio of -12.83 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.

Minera Alamos (CVE:MAI - Get Free Report) last posted its quarterly earnings results on Thursday, August 29th. The company reported C($0.02) EPS for the quarter. The company had revenue of C$1.50 million for the quarter. Minera Alamos had a negative return on equity of 31.80% and a negative net margin of 159.36%. As a group, sell-side analysts forecast that Minera Alamos Inc. will post 0.0444178 EPS for the current 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.