Minera Alamos (CVE:MAI) Insider David Rodger Stewart Buys 12,000 Shares

Minera Alamos Inc. (CVE:MAI) insider David Rodger Stewart purchased 12,000 shares of the business’s stock in a transaction on Monday, December 15th. The stock was purchased at an average cost of C$4.35 per share, for a total transaction of C$52,200.00. Following the completion of the acquisition, the insider directly owned 44,500 shares of the company’s stock, valued at approximately C$193,575. The trade was a 36.92% increase in their position.

David Rodger Stewart also recently made the following trade(s):

• On Monday, December 15th, David Rodger Stewart acquired 120,000 shares of Minera Alamos stock. The shares were acquired at an average price of C$0.44 per share, with a total value of C$52,800.00.

Minera Alamos Price Performance

Minera Alamos stock opened at C$0.53 on Monday. Minera Alamos Inc. has a 1-year low of C$0.26 and a 1-year high of C$0.55. The business has a fifty day moving average price of C$0.43 and a 200-day moving average price of C$0.40. The company has a debt-to-equity ratio of 21.24, a current ratio of 4.26 and a quick ratio of 3.89. The stock has a market capitalization of C$572.63 million, a price-to-earnings ratio of -7.68 and a beta of 1.10.

Analyst Ratings Changes

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