Almonty Industries (TSE:AII) Shares Down 8.4% – Should You Sell?

Almonty Industries Inc. (TSE:AII) shares were down 8.4% on Tuesday . The stock traded as low as C$16.21 and last traded at C$17.22. 1,080,500 shares traded hands during trading, an increase of 30% from the average session volume of 830,315 shares. The stock had previously closed at C$18.80.

Wall Street Analyst Weigh In

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

Almonty Industries Trading Down 8.4%

The business has a fifty day moving average price of C$23.67 and a 200 day moving average price of C$22.82. The firm has a market capitalization of C$4.89 billion, a price-to-earnings ratio of -25.70 and a beta of 2.17. 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 quarterly earnings data on Monday, May 11th. The company reported C($0.02) earnings per share for the quarter. The firm had revenue of C$25.40 million during the quarter. Almonty Industries had a negative net margin of 265.08% and a negative return on equity of 59.18%. As a group, equities analysts forecast that Almonty Industries Inc. will post 0.0199773 earnings per share for the current 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.