Free Trial

Almonty Industries (TSE:AII) Shares Down 17% - Here's Why

Almonty Industries logo with Basic Materials background
Image from MarketBeat Media, LLC.

Key Points

  • Shares of Almonty fell 17% intraday to C$23.50 from a C$28.30 close, with about 205,089 shares traded — roughly 76% below the stock's average daily volume.
  • The company has a market cap of C$6.05 billion, a negative P/E (-71.48) and high leverage (debt-to-equity 115.13) with a very low quick ratio (0.11), indicating potential liquidity pressure despite a solid current ratio.
  • Almonty is a leading supplier of conflict-free tungsten; its Sangdong mine in South Korea is expected to provide over 40% of global non-China tungsten production at full capacity, making it strategically important amid rising geopolitical tensions.
  • MarketBeat previews top five stocks to own in May.

Shares of Almonty Industries Inc. (TSE:AII - Get Free Report) were down 17% during trading on Tuesday . The company traded as low as C$23.49 and last traded at C$23.50. Approximately 205,089 shares were traded during trading, a decline of 76% from the average daily volume of 847,545 shares. The stock had previously closed at C$28.30.

Almonty Industries Price Performance

The stock has a market capitalization of C$6.05 billion, a PE ratio of -71.48 and a beta of 1.31. The stock's 50 day moving average is C$16.23 and its two-hundred day moving average is C$11.38. The company has a debt-to-equity ratio of 115.13, a quick ratio of 0.11 and a current ratio of 2.38.

Almonty Industries Company Profile

(Get Free Report)

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Almonty Industries Right Now?

Before you consider Almonty Industries, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Almonty Industries wasn't on the list.

While Almonty Industries currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Ten Starter Stocks For Beginners to Buy Now Cover

Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines