Almonty Industries (TSE:AII) Reaches New 1-Year High – Here’s Why

Almonty Industries Inc. (TSE:AII)’s share price hit a new 52-week high during trading on Friday . The company traded as high as C$20.55 and last traded at C$20.54, with a volume of 114542 shares trading hands. The stock had previously closed at C$19.96.

Almonty Industries Trading Down 0.9%

The firm has a market cap of C$5.07 billion, a P/E ratio of -59.94 and a beta of 1.31. The stock has a 50 day simple moving average of C$14.46 and a 200-day simple moving average of C$10.45. The company has a current ratio of 0.38, a quick ratio of 0.11 and a debt-to-equity ratio of 225.11.

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.