Minera Alamos (CVE:MAI) Sets New 52-Week High – Here’s Why

Minera Alamos Inc. (CVE:MAI) reached a new 52-week high during trading on Monday . The company traded as high as C$6.75 and last traded at C$6.70, with a volume of 93118 shares trading hands. The stock had previously closed at C$6.51.

Minera Alamos Stock Up 1.7%

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 company has a market cap of C$715.25 million, a P/E ratio of -9.59 and a beta of 1.10. The firm’s 50 day moving average price is C$4.62 and its two-hundred day moving average price is C$4.17.

Insider Buying and Selling

In other news, insider David Rodger Stewart purchased 1,200 shares of the business’s stock in a transaction on Monday, December 15th. The shares were acquired at an average price of C$43.50 per share, for a total transaction of C$52,200.00. Following the completion of the acquisition, the insider owned 4,450 shares in the company, valued at approximately C$193,575. The trade was a 36.92% increase in their ownership of the stock. 5.11% of the stock is owned by 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.