Minera Alamos Inc. (OTCMKTS:MAIFF – Get Rating) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totalling 83,800 shares, a decline of 42.8% from the September 30th total of 146,500 shares. Based on an average daily volume of 324,500 shares, the short-interest ratio is presently 0.3 days.
Wall Street Analysts Forecast Growth
Separately, National Bank Financial decreased their price target on shares of Minera Alamos from C$1.10 to C$0.80 in a research note on Thursday, July 21st.
Get Minera Alamos alerts:Minera Alamos Trading Down 8.1 %
Shares of OTCMKTS:MAIFF traded down $0.03 during midday trading on Thursday, hitting $0.29. 604,183 shares of the company's stock were exchanged, compared to its average volume of 363,374. The stock has a 50 day moving average price of $0.36 and a 200-day moving average price of $0.40. Minera Alamos has a 12 month low of $0.29 and a 12 month high of $0.58.
About Minera Alamos
(Get Rating)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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