Almonty Industries (TSE:AII) Stock Price Down 20.1% – Here’s Why

Almonty Industries Inc. (TSE:AII)’s stock price fell 20.1% on Friday . The stock traded as low as C$22.88 and last traded at C$22.98. 735,430 shares changed hands during mid-day trading, a decline of 17% from the average session volume of 882,390 shares. The stock had previously closed at C$28.75.

Analyst Upgrades and Downgrades

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

Almonty Industries Stock Down 20.5%

The company’s fifty day moving average is C$26.46 and its 200-day moving average is C$19.69. The company has a market capitalization of C$6.49 billion, a PE ratio of -34.12 and a beta of 2.04. The company has a debt-to-equity ratio of 46.54, a quick ratio of 0.11 and a current ratio of 2.45.

Almonty Industries (TSE:AII) last released its earnings results on Monday, May 11th. The company reported C($0.02) earnings per share (EPS) for the quarter. The firm had revenue of C$25.40 million during the quarter. Almonty Industries had a negative return on equity of 59.18% and a negative net margin of 265.08%. As a group, analysts predict that Almonty Industries Inc. will post 0.0199773 EPS for the current fiscal year.

Almonty Industries Company Profile

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.