Almonty Industries Inc. (TSE:AII - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The company traded as high as C$2.70 and last traded at C$2.70, with a volume of 250425 shares trading hands. The stock had previously closed at C$2.60.
Analysts Set New Price Targets
Separately, B. Riley raised shares of Almonty Industries to a "strong-buy" rating in a research report on Monday, April 14th.
Check Out Our Latest Report on Almonty Industries
Almonty Industries Price Performance
The stock's 50-day moving average is C$2.38 and its 200-day moving average is C$1.70. The firm has a market cap of C$897.78 million, a P/E ratio of -44.72 and a beta of 1.47. The company has a quick ratio of 0.11, a current ratio of 0.38 and a debt-to-equity ratio of 225.11.
Insider Buying and Selling
In related news, Director Michael Lewis Black bought 50,000 shares of the company's stock in a transaction that occurred on Friday, March 28th. The shares were acquired at an average price of C$2.17 per share, with a total value of C$108,520.00. Also, Senior Officer Marion Mcgrath sold 30,000 shares of the business's stock in a transaction on Friday, March 28th. The stock was sold at an average price of C$2.19, for a total transaction of C$65,700.00. 39.04% of the stock is currently owned by insiders.
About Almonty Industries
(
Get Free Report)
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').
Featured Stories
Before you consider Almonty Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Almonty Industries wasn't on the list.
While Almonty Industries currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
