Almonty Industries (TSE:AII) Stock Rating Upgraded by DA Davidson

Key Points

• Almonty Industries (TSE:AII) has been upgraded to a "strong-buy" rating by both DA Davidson and B. Riley.
• The company's stock opened at C$6.22, with a twelve-month high of C$8.66 and a low of C$1.02, highlighting significant price volatility.
• Almonty Industries is actively engaged in the mining and processing of tungsten from multiple projects in Spain and Korea, including the Los Santos, Panasqueira, and Sangdong mines.

Almonty Industries (TSE:AII - Get Free Report) was upgraded by equities research analysts at DA Davidson to a "strong-buy" rating in a research note issued on Monday,Zacks.com reports.

Separately, B. Riley upgraded shares of Almonty Industries to a "strong-buy" rating in a research report on Monday, April 14th.

Almonty Industries Price Performance

TSE:AII traded down C$0.31 during midday trading on Monday, hitting C$6.16. The company had a trading volume of 527,393 shares, compared to its average volume of 419,786. Almonty Industries has a 52-week low of C$1.06 and a 52-week high of C$8.66. The stock's fifty day moving average price is C$5.13 and its 200-day moving average price is C$3.19. The company has a market capitalization of C$1.80 billion, a PE ratio of -89.43 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.

Almonty Industries Company Profile

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').