Almonty Industries (TSE:AII) Reaches New 12-Month High - Should You Buy?

Almonty Industries Inc. (TSE:AII - Get Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as C$3.49 and last traded at C$3.49, with a volume of 383826 shares changing hands. The stock had previously closed at C$3.24.

Analyst Ratings Changes

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

Almonty Industries Stock Up 6.3%

The business's 50 day simple moving average is C$2.74 and its 200-day simple moving average is C$1.97. The company has a debt-to-equity ratio of 225.11, a quick ratio of 0.11 and a current ratio of 0.38. The company has a market cap of C$1.13 billion, a price-to-earnings ratio of -56.19 and a beta of 1.47.

Insider Buying and Selling at Almonty Industries

In other Almonty Industries news, Senior Officer Marion Mcgrath sold 30,000 shares of the business's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of C$2.19, for a total value of C$65,700.00. Also, Director Michael Lewis Black purchased 50,000 shares of the firm's stock in a transaction dated Friday, March 28th. The shares were bought at an average price of C$2.17 per share, with a total value of C$108,520.00. Corporate insiders own 39.04% of the company's stock.

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').