Minera Alamos (CVE:MAI) Shares Up 6% - Should You Buy?

Minera Alamos Inc. (CVE:MAI - Get Free Report)'s share price was up 6% during trading on Thursday . The stock traded as high as C$0.27 and last traded at C$0.27. Approximately 72,500 shares traded hands during trading, a decline of 80% from the average daily volume of 369,022 shares. The stock had previously closed at C$0.25.

Analyst Upgrades and Downgrades

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

Minera Alamos Stock Performance

The stock has a fifty day moving average of C$0.31 and a 200-day moving average of C$0.30. The firm has a market capitalization of C$127.08 million, a P/E ratio of -9.00 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.

Insiders Place Their Bets

In other Minera Alamos news, Director Doug Ramshaw bought 150,000 shares of Minera Alamos stock in a transaction dated Thursday, December 12th. The stock was bought at an average cost of C$0.28 per share, for a total transaction of C$41,250.00. Insiders own 5.11% of the company's stock.

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.