Almonty Industries Inc. (TSE:AII - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$2.23 and traded as high as C$2.49. Almonty Industries shares last traded at C$2.48, with a volume of 479,250 shares changing hands.
Analysts Set New Price Targets
Separately, B. Riley raised Almonty Industries to a "strong-buy" rating in a research report on Monday, April 14th.
Get Our Latest Stock Analysis on AII
Almonty Industries Price Performance
The firm's fifty day moving average price is C$2.29 and its two-hundred day moving average price is C$1.58. The stock has a market capitalization of C$708.31 million, a PE ratio of -35.28 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 Transactions at Almonty Industries
In other news, Director Michael Lewis Black bought 50,000 shares of the stock in a transaction on Friday, March 28th. The stock was acquired at an average cost of C$2.17 per share, for a total transaction of C$108,520.00. Also, Senior Officer Marion Mcgrath sold 30,000 shares of the stock in a transaction on Friday, March 28th. The stock was sold at an average price of C$2.19, for a total value of C$65,700.00. Company insiders own 39.04% of the company's stock.
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').
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