Almonty Industries (TSE:AII) Share Price Passes Above 50-Day Moving Average – Time to Sell?

Almonty Industries Inc. (TSE:AII)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$10.77 and traded as high as C$12.54. Almonty Industries shares last traded at C$12.09, with a volume of 847,207 shares trading hands.

Almonty Industries Trading Down 3.4%

The stock has a market cap of C$3.10 billion, a price-to-earnings ratio of -36.64 and a beta of 1.27. The business’s 50 day simple moving average is C$10.77 and its 200 day simple moving average is C$8.64. The company has a quick ratio of 0.11, a current ratio of 0.38 and a debt-to-equity ratio of 225.11.

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