Almonty Industries Inc. (TSE:AII - Get Free Report) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty 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.
Analyst Upgrades and Downgrades
Separately, B. Riley raised Almonty Industries to a "strong-buy" rating in a research note on Monday, April 14th.
Read Our Latest Analysis on AII
Almonty Industries Trading Down 3.2%
The business has a 50 day moving average of C$2.25 and a 200 day moving average of C$1.55. The firm has a market cap of C$699.57 million, a price-to-earnings ratio of -34.84 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 Buying and Selling
In other news, Senior Officer Marion Mcgrath sold 30,000 shares of the firm'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 acquired 50,000 shares of the business's stock in a transaction dated Friday, March 28th. The stock was purchased at an average price of C$2.17 per share, for a total transaction of C$108,520.00. Corporate insiders own 39.04% of the company's stock.
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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