Minera Alamos (CVE:MAI) Shares Down 3.1%

Minera Alamos Inc. (CVE:MAI)’s share price traded down 3.1% on Friday . The stock traded as low as C$0.32 and last traded at C$0.32. Approximately 118,000 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 322,572 shares. The stock had previously closed at C$0.33.

Minera Alamos Trading Down 3.1 %

The business has a 50-day moving average of C$0.28 and a 200-day moving average of C$0.31. The stock has a market capitalization of C$148.26 million, a price-to-earnings ratio of -10.50 and a beta of 1.33. The company has a debt-to-equity ratio of 21.24, a quick ratio of 3.89 and a current ratio of 4.26.

Minera Alamos (CVE:MAI) last posted its quarterly earnings data on Thursday, August 29th. The company reported C($0.02) earnings per share for the quarter. The firm had revenue of C$1.50 million during the quarter. Minera Alamos had a negative net margin of 159.36% and a negative return on equity of 31.80%. As a group, research analysts forecast that Minera Alamos Inc. will post 0.0372149 EPS for the current year.

Insider Buying and Selling

In related news, Director Robert Bruce Durham sold 250,000 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of C$0.27, for a total transaction of C$67,500.00. 5.11% of the stock is owned by company 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.