Almonty Industries Inc. (TSE:AII - Get Free Report) shares hit a new 52-week high on Wednesday . The stock traded as high as C$3.49 and last traded at C$3.49, with a volume of 383826 shares. The stock had previously closed at C$3.24.
Analyst Upgrades and Downgrades
Separately, B. Riley raised shares of Almonty Industries to a "strong-buy" rating in a research note on Monday, April 14th.
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Almonty Industries Stock Up 10.3%
The company has a current ratio of 0.38, a quick ratio of 0.11 and a debt-to-equity ratio of 225.11. The company has a market cap of C$1.24 billion, a price-to-earnings ratio of -61.99 and a beta of 1.47. The firm's fifty day simple moving average is C$2.77 and its 200 day simple moving average is C$1.99.
About Almonty Industries
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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').
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