Almonty Industries (TSE:AII) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Almonty Industries Inc. (TSE:AII) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$25.87 and traded as high as C$26.36. Almonty Industries shares last traded at C$25.80, with a volume of 410,528 shares changing hands.

Analyst Ratings Changes

Separately, Texas Capital upgraded Almonty Industries to a “strong-buy” rating in a research note on Thursday, April 16th. Two investment analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Almonty Industries presently has an average rating of “Strong Buy”.

Almonty Industries Stock Down 0.3%

The firm has a 50 day moving average price of C$25.87 and a 200-day moving average price of C$18.47. The company has a current ratio of 2.45, a quick ratio of 0.11 and a debt-to-equity ratio of 46.54. The firm has a market cap of C$7.32 billion, a PE ratio of -38.51 and a beta of 2.04.

Almonty Industries (TSE:AII) last announced its quarterly earnings data on Thursday, March 19th. The company reported C($0.48) earnings per share (EPS) for the quarter. The company had revenue of C$8.72 million during the quarter. Almonty Industries had a negative net margin of 265.08% and a negative return on equity of 59.18%. Research analysts forecast that Almonty Industries Inc. will post 0.0199773 EPS for the current fiscal year.

About Almonty Industries

Almonty (NASDAQ: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1) is a leading supplier of conflict free tungsten – a strategic metal critical to the defense and advanced technology sectors. As geopolitical tensions heighten, tungsten has become essential for armor, munitions, and electronics manufacturing. Almontys flagship Sangdong Tungsten Mine in South Korea, historically one of the worlds largest and highest-grade tungsten deposits, is expected to supply over 40% of global non-China tungsten production upon reaching full capacity, directly addressing critical supply vulnerabilities highlighted by recent U.S.