Almonty Industries (TSE:AII) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

Almonty Industries Inc. (TSE:AII) crossed above its 50 day moving average during trading on Friday . The stock has a 50 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 trading hands.

Wall Street Analyst Weigh In

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

Almonty Industries Stock Performance

The firm’s 50 day moving average is C$9.19 and its 200 day moving average is C$6.13. The company has a debt-to-equity ratio of 225.11, a quick ratio of 0.11 and a current ratio of 0.38. The stock has a market cap of C$2.14 billion, a P/E 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 (EPS) for the quarter. The business had revenue of C$8.70 million for the quarter. Almonty Industries had a negative net margin of 58.44% and a negative return on equity of 37.52%. 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’).