Almonty Industries (TSE:AII) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Almonty Industries Inc. (TSE:AII) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$9.19 and traded as high as C$9.74. Almonty Industries shares last traded at C$9.25, with a volume of 266,381 shares changing hands.

Wall Street Analyst Weigh In

Separately, DA Davidson raised Almonty Industries to a “strong-buy” rating in a research report on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, Almonty Industries has an average rating of “Strong Buy”.

Almonty Industries Price Performance

The business has a 50-day moving average price of C$9.19 and a two-hundred day moving average price of C$6.10. The company has a quick ratio of 0.11, a current ratio of 0.38 and a debt-to-equity ratio of 225.11. The company has a market capitalization of C$2.14 billion, a price-to-earnings ratio of -28.03 and a beta of 1.28.

Almonty Industries (TSE:AII) last released its quarterly earnings results on Monday, November 3rd. The company reported C$0.19 earnings per share for the quarter. Almonty Industries had a negative net margin of 58.44% and a negative return on equity of 37.52%. The business had revenue of C$8.70 million for the quarter. As a group, research analysts anticipate that Almonty Industries Inc. will post 0.0199773 EPS for the current year.

About Almonty Industries

Almonty Industries Inc is engaged in the mining, processing and shipping of tungsten concentrate from its Los Santos tungsten mine located near Salamanca, Spain (the ‘Los Santos Mine’), the processing and shipping of tungsten concentrate from its Panasqueira tin and tungsten mine in Covilha, Castelo Branco, Portugal (the ‘Panasqueira Mine’), the evaluation of its Valtreixal tin and tungsten mine project located in Western Spain in the province of Zamora (the ‘Valtreixal Mine’), as well as the evaluation and expected re-opening of its Sangdong tungsten mine project located in Gangwon Province, Republic of Korea (the ‘Sangdong Mine’).