Almonty Industries Inc. (TSE:AII - Get Free Report)'s stock price dropped 11.8% on Monday . The company traded as low as C$6.84 and last traded at C$6.90. Approximately 395,492 shares changed hands during trading, an increase of 3% from the average daily volume of 385,549 shares. The stock had previously closed at C$7.82.
Wall Street Analyst Weigh In
Separately, B. Riley upgraded shares of Almonty Industries to a "strong-buy" rating in a research report on Monday, April 14th.
Check Out Our Latest Stock Report on Almonty Industries
Almonty Industries Stock Down 6.7%
The company has a debt-to-equity ratio of 225.11, a current ratio of 0.38 and a quick ratio of 0.11. The company's 50-day simple moving average is C$3.75 and its 200 day simple moving average is C$2.47. The firm has a market cap of C$1.81 billion, a P/E ratio of -90.31 and a beta of 1.47.
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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