Almonty Industries (TSE:AII) Trading Down 9.7% – Time to Sell?

Almonty Industries Inc. (TSE:AII) was down 9.7% on Tuesday . The stock traded as low as C$20.32 and last traded at C$20.97. Approximately 197,991 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 1,063,698 shares. The stock had previously closed at C$23.21.

Almonty Industries Stock Performance

The firm has a market cap of C$6.37 billion, a PE ratio of -28.95 and a beta of 1.84. The business has a 50 day simple moving average of C$20.62 and a two-hundred day simple moving average of C$13.67. The company has a quick ratio of 0.11, a current ratio of 3.89 and a debt-to-equity ratio of 45.31.

Almonty Industries (TSE:AII) last issued its earnings results on Thursday, March 19th. The company reported C($0.48) EPS for the quarter. Almonty Industries had a negative return on equity of 116.13% and a negative net margin of 497.98%.The company had revenue of C$8.72 million for the quarter. As a group, equities research analysts forecast that Almonty Industries Inc. will post 0.0199773 earnings per share 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.