Almonty Industries (TSE:AII) Sets New 52-Week High - Still a Buy?

Key Points

• Almonty Industries shares hit a new 52-week high of C$13.06 before closing at C$12.60, reflecting a significant trading volume of 258,095 shares.
• Analysts have upgraded Almonty Industries to a "strong-buy" rating, with a consensus rating of "Strong Buy" from two equities research analysts.
• The company has a market capitalization of C$2.97 billion, and key financial ratios include a PE ratio of -24.82 and a high debt-to-equity ratio of 225.11.

Almonty Industries Inc. (TSE:AII - Get Free Report) shares reached a new 52-week high during trading on Tuesday . The company traded as high as C$13.06 and last traded at C$12.60, with a volume of 258095 shares changing hands. The stock had previously closed at C$10.86.

Analysts Set New Price Targets

Separately, DA Davidson upgraded Almonty Industries to a "strong-buy" rating in a research report on Monday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat, Almonty Industries has a consensus rating of "Strong Buy".

Almonty Industries Trading Up 25.7%

The company has a market capitalization of C$2.97 billion, a PE ratio of -24.82 and a beta of 1.26. 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 business has a fifty day moving average price of C$7.05 and a 200 day moving average price of C$4.76.

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').

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