Minera Alamos (CVE:MAI) Hits New 1-Year High – What’s Next?

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

Minera Alamos Trading Up 1.7%

The stock’s 50 day simple moving average is C$4.62 and its two-hundred day simple moving average is C$4.17. The stock has a market capitalization of C$715.25 million, a PE ratio of -9.59 and a beta of 1.10. The company has a debt-to-equity ratio of 21.24, a current ratio of 4.26 and a quick ratio of 3.89.

Insiders Place Their Bets

In other Minera Alamos news, insider David Rodger Stewart bought 12,000 shares of the stock in a transaction on Monday, December 15th. The shares were acquired at an average price of C$4.40 per share, with a total value of C$52,800.00. Following the acquisition, the insider directly owned 44,500 shares of the company’s stock, valued at C$195,800. The trade was a 36.92% increase in their position. Corporate insiders own 5.11% of the company’s stock.

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.