Almonty Industries Inc. (TSE:AII - Get Free Report) dropped 8.9% during trading on Wednesday . The stock traded as low as C$4.06 and last traded at C$4.08. Approximately 375,770 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 547,198 shares. The stock had previously closed at C$4.48.
Analysts Set New Price Targets
Separately, B. Riley upgraded Almonty Industries to a "strong-buy" rating in a research report on Monday, April 14th.
Check Out Our Latest Research Report on Almonty Industries
Almonty Industries Trading Up 3.0%
The business's 50-day simple moving average is C$2.88 and its 200-day simple moving average is C$2.06. The company has a market cap of C$1.30 billion, a price-to-earnings ratio of -64.75 and a beta of 1.47. The company has a debt-to-equity ratio of 225.11, a current ratio of 0.38 and a quick ratio of 0.11.
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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