Minera Alamos (OTCMKTS:MAIFF) Shares Down 0.4% – Here’s Why

Minera Alamos Inc. (OTCMKTS:MAIFF)’s stock price traded down 0.4% during mid-day trading on Thursday. The stock traded as low as $3.63 and last traded at $3.7150. 25,406 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 208,369 shares. The stock had previously closed at $3.73.

Wall Street Analysts Forecast Growth

Separately, Scotiabank started coverage on Minera Alamos in a research report on Monday, June 15th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Minera Alamos Stock Down 0.4%

The company’s fifty day moving average price is $4.10 and its two-hundred day moving average price is $4.16.

Minera Alamos Company Profile

Minera Alamos Inc is a Canadian-based mining company focused on the acquisition, development and operation of gold projects in Mexico. Its activities include mineral exploration, project permitting, mine construction and the production of precious metals from open-pit, heap-leach operations.

The company’s principal assets include the Santana gold project in Sonora, the Cerro de Oro project in Zacatecas and the La Fortuna project in Sinaloa. Santana was developed as a low-cost, open-pit, heap-leach operation and has served as Minera Alamos’ initial production platform, while Cerro de Oro and La Fortuna provide additional opportunities for future gold development and production.

Minera Alamos has built its portfolio through the consolidation and advancement of Mexican gold properties, with a strategy centered on developing relatively low-capital, open-pit mining operations.