Minera Alamos (CVE:MAI) Sets New 52-Week Low at $0.36

Minera Alamos Inc. (CVE:MAIGet Rating) hit a new 52-week low during trading on Friday . The stock traded as low as C$0.36 and last traded at C$0.37, with a volume of 332170 shares trading hands. The stock had previously closed at C$0.38.

Wall Street Analyst Weigh In

Separately, Cormark raised their price objective on shares of Minera Alamos from C$0.85 to C$1.00 in a research note on Tuesday, October 4th.

Minera Alamos Trading Down 1.3 %

The business’s fifty day moving average is C$0.45 and its 200-day moving average is C$0.49. The stock has a market capitalization of C$169.34 million and a PE ratio of 37.00. The company has a quick ratio of 2.57, a current ratio of 5.07 and a debt-to-equity ratio of 1.10.

Minera Alamos (CVE:MAIGet Rating) last announced its quarterly earnings results on Wednesday, August 24th. The company reported C$0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.01. The business had revenue of C$7.27 million for the quarter. As a group, analysts anticipate that Minera Alamos Inc. will post 0.05 EPS for the current fiscal year.

About Minera Alamos

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Minera Alamos Inc, a junior mining exploration company, acquires, explores for, and develops mineral properties in Mexico. The company explores for gold, silver, molybdenum, and copper deposits. Its principal property is the 100% owned Santana project consisting of 9 mining claims with an area of approximately 3,100 hectares located in the east-southeast of Hermosillo, Sonora; 100% owned Cerro de Oro project covering an area of 6,500 hectares situated in Zacatecas, Mexico; and 100% owned La Fortuna project covering an area of 6,100 hectares located in Durango State, Mexico.

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