Almonty Industries (TSE:AII) Sets New 52-Week High – Should You Buy?

Almonty Industries Inc. (TSE:AII)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$19.55 and last traded at C$19.35, with a volume of 164952 shares changing hands. The stock had previously closed at C$19.28.

Almonty Industries Stock Performance

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’s 50-day simple moving average is C$13.18 and its two-hundred day simple moving average is C$9.83. The stock has a market cap of C$4.93 billion, a price-to-earnings ratio of -58.24 and a beta of 1.31.

Almonty Industries (TSE:AII) last issued its quarterly earnings results on Monday, November 3rd. The company reported C$0.19 EPS for the quarter. The company had revenue of C$8.70 million during the quarter. Almonty Industries had a negative return on equity of 37.52% and a negative net margin of 58.44%. Analysts forecast that Almonty Industries Inc. will post 0.0199773 earnings per share for the current 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.