Minera Alamos (CVE:MAI) Shares Down 6% - Time to Sell?

Minera Alamos Inc. (CVE:MAI - Get Free Report)'s share price fell 6% during mid-day trading on Friday . The stock traded as low as C$0.31 and last traded at C$0.32. 1,124,843 shares changed hands during mid-day trading, an increase of 268% from the average session volume of 305,347 shares. The stock had previously closed at C$0.34.

Minera Alamos Stock Up 4.8 %

The stock's fifty day moving average is C$0.33 and its two-hundred day moving average is C$0.32. 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 stock has a market capitalization of C$155.32 million, a P/E ratio of -11.00 and a beta of 1.37.

Minera Alamos Company Profile

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.