Almonty Industries (NASDAQ:ALM) Hits New 12-Month High - Here's What Happened

Key Points

• Almonty Industries Inc. (NASDAQ:ALM) reached a new 52-week high, trading at $6.75 during mid-day trading on Monday, up from a previous close of $6.30.
• The company has a market capitalization of $1.52 billion and an average stock rating of "Hold" with a price target of $6.50.
• Almonty reported a quarterly loss of ($0.05) per share, missing the consensus estimate, along with a negative net margin of 366.52%.

Almonty Industries Inc. (NASDAQ:ALM - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $6.75 and last traded at $6.74, with a volume of 435046 shares traded. The stock had previously closed at $6.30.

Analyst Upgrades and Downgrades

ALM has been the topic of a number of recent analyst reports. Cantor Fitzgerald initiated coverage on shares of Almonty Industries in a research note on Wednesday, August 13th. They issued an "overweight" rating and a $6.50 price objective on the stock. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Almonty Industries in a report on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $6.50.

Almonty Industries Stock Performance

The company has a market capitalization of $1.52 billion and a price-to-earnings ratio of -20.59. The company has a debt-to-equity ratio of 16.37, a quick ratio of 0.63 and a current ratio of 0.77.

Almonty Industries (NASDAQ:ALM - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The firm had revenue of $5.20 million for the quarter, compared to analyst estimates of $5.30 million. Almonty Industries had a negative net margin of 366.52% and a negative return on equity of 104.72%.

Almonty Industries Company Profile

Almonty Industries Inc is a producer of tungsten concentrate. The Company is currently mining, processing and shipping tungsten concentrate from its Panasqueira Mine in Portugal. Almonty Industries Inc is based in TORONTO.

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