Minera Alamos (CVE:MAI) Insider Purchases C$52,800.00 in Stock

Minera Alamos Inc. (CVE:MAI) insider David Rodger Stewart acquired 120,000 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was bought at an average price of C$0.44 per share, with a total value of C$52,800.00. Following the purchase, the insider directly owned 445,000 shares of the company’s stock, valued at C$195,800. This represents a 36.92% increase in their ownership of the stock.

Minera Alamos Stock Down 2.3%

MAI opened at C$0.42 on Thursday. Minera Alamos Inc. has a one year low of C$0.25 and a one year high of C$0.50. 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 stock has a market capitalization of C$449.61 million, a P/E ratio of -6.09 and a beta of 1.04. The business’s 50-day simple moving average is C$0.41 and its 200-day simple moving average is C$0.39.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on MAI shares. Desjardins reduced their price objective on Minera Alamos from C$1.00 to C$0.90 and set a “buy” rating for the company in a research note on Thursday, September 18th. National Bankshares cut their target price on shares of Minera Alamos from C$0.65 to C$0.55 and set an “outperform” rating on the stock in a report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$0.73.

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.