Almonty Industries (TSE:AII) Shares Cross Above Fifty Day Moving Average - Should You Sell?

Key Points

• Almonty shares crossed above their 50-day moving average (50‑day MA C$25.91) on Wednesday, trading as high as C$29.33 and last at C$29.13 on volume of 859,056 shares, a roughly 6.7% gain.
• Analyst sentiment has turned positive after Texas Capital upgraded the stock to a Strong Buy on April 16; two analysts now rate AII a Strong Buy and the consensus rating is Strong Buy.
• Fundamentals remain weak despite the rally: Almonty reported negative EPS (C($0.48) last quarter), a ~497.98% negative net margin and negative ROE, though it operates the Sangdong Tungsten Mine, expected to supply over 40% of global non‑China tungsten production.

Almonty Industries Inc. (TSE:AII - Get Free Report)'s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$25.91 and traded as high as C$29.33. Almonty Industries shares last traded at C$29.13, with a volume of 859,056 shares changing hands.

Analyst Ratings Changes

Separately, Texas Capital upgraded shares of Almonty Industries to a "strong-buy" rating in a research report on Thursday, April 16th. Two equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the company currently has an average rating of "Strong Buy".

Almonty Industries Stock Up 6.7%

The company has a debt-to-equity ratio of 45.31, a quick ratio of 0.11 and a current ratio of 3.89. The firm has a 50 day simple moving average of C$25.91 and a two-hundred day simple moving average of C$17.21. The stock has a market cap of C$8.21 billion, a P/E ratio of -37.35 and a beta of 2.04.

Almonty Industries (TSE:AII - Get Free Report) last issued its quarterly earnings results on Thursday, March 19th. The company reported C($0.48) EPS for the quarter. The business had revenue of C$8.72 million for the quarter. Almonty Industries had a negative net margin of 497.98% and a negative return on equity of 116.13%. Equities research analysts predict that Almonty Industries Inc. will post 0.0199773 earnings per share for the current year.

Almonty Industries Company Profile

Almonty NASDAQ: ALM TSX: AII ASX: AII Frankfurt: ALI1 is a leading supplier of conflict free tungsten - a strategic metal critical to the defense and advanced technology sectors. As geopolitical tensions heighten, tungsten has become essential for armor, munitions, and electronics manufacturing. Almontys flagship Sangdong Tungsten Mine in South Korea, historically one of the worlds largest and highest-grade tungsten deposits, is expected to supply over 40% of global non-China tungsten production upon reaching full capacity, directly addressing critical supply vulnerabilities highlighted by recent U.S.

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