Minera Alamos (CVE:MAI) Stock Price Down 6% – Here’s What Happened

Minera Alamos Inc. (CVE:MAI)’s share price was down 6% during trading on Friday . The stock traded as low as C$0.31 and last traded at C$0.32. Approximately 1,124,843 shares were traded during mid-day trading, an increase of 268% from the average daily volume of 305,347 shares. The stock had previously closed at C$0.34.

Minera Alamos Stock Down 6.0 %

The company has a debt-to-equity ratio of 21.24, a quick ratio of 3.89 and a current ratio of 4.26. The firm has a market cap of C$148.26 million, a price-to-earnings ratio of -10.50 and a beta of 1.37. The business’s 50 day moving average price is C$0.33 and its 200 day moving average price is C$0.32.

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.