Minera Alamos (CVE:MAI) Trading 4.5% Higher - Should You Buy?

Shares of Minera Alamos Inc. (CVE:MAI - Get Free Report) were up 4.5% during mid-day trading on Wednesday . The stock traded as high as C$0.35 and last traded at C$0.35. Approximately 162,279 shares changed hands during mid-day trading, a decline of 15% from the average daily volume of 190,386 shares. The stock had previously closed at C$0.34.

Analyst Ratings Changes

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

Minera Alamos Price Performance

The stock has a fifty day simple moving average of C$0.30 and a two-hundred day simple moving average of C$0.31. The company has a market cap of C$160.03 million, a PE ratio of -11.33 and a beta of 1.37. The company has a current ratio of 4.26, a quick ratio of 3.89 and a debt-to-equity ratio of 21.24.

Insider Buying and Selling at Minera Alamos

In other Minera Alamos news, Director Doug Ramshaw acquired 150,000 shares of the stock in a transaction on Thursday, December 12th. The shares were bought at an average price of C$0.28 per share, with a total value of C$41,250.00. 5.11% of the stock is owned by corporate insiders.

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.