Almonty Industries Inc. (TSE:AII - Get Free Report) shares were down 0.8% on Wednesday . The stock traded as low as C$5.94 and last traded at C$6.05. Approximately 228,079 shares changed hands during trading, a decline of 45% from the average daily volume of 411,435 shares. The stock had previously closed at C$6.10.
Wall Street Analyst Weigh In
Separately, DA Davidson raised shares of Almonty Industries to a "strong-buy" rating in a research note on Monday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, Almonty Industries currently has an average rating of "Strong Buy".
Read Our Latest Research Report on AII
Almonty Industries Trading Down 1.9%
The firm has a market cap of C$1.24 billion, a PE ratio of -10.38 and a beta of 1.32. The company's fifty day moving average price is C$5.91 and its two-hundred day moving average price is C$3.64. The company has a quick ratio of 0.11, a current ratio of 0.38 and a debt-to-equity ratio of 225.11.
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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