Minera Alamos (CVE:MAI) Sets New 1-Year Low at $0.24

Minera Alamos Inc. (CVE:MAI)’s stock price reached a new 52-week low on Friday . The company traded as low as C$0.24 and last traded at C$0.24, with a volume of 278000 shares. The stock had previously closed at C$0.25.

Minera Alamos Stock Down 2.0 %

The stock’s fifty day moving average price is C$0.28 and its 200-day moving average price is C$0.31. The company has a quick ratio of 3.89, a current ratio of 4.56 and a debt-to-equity ratio of 17.73. The company has a market capitalization of C$111.12 million, a price-to-earnings ratio of -24.50 and a beta of 1.32.

Insider Buying and Selling at Minera Alamos

In related news, Director Robert Bruce Durham sold 250,000 shares of the company’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. Company insiders own 5.11% of the company’s stock.

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.