Almonty Industries Inc. (TSE:AII - Get Free Report) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$2.32 and traded as high as C$2.43. Almonty Industries shares last traded at C$2.37, with a volume of 234,971 shares traded.
Wall Street Analysts Forecast Growth
Separately, B. Riley upgraded shares of Almonty Industries to a "strong-buy" rating in a report on Monday, April 14th.
Check Out Our Latest Research Report on Almonty Industries
Almonty Industries Trading Up 2.3%
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 firm has a market cap of C$766.61 million, a price-to-earnings ratio of -38.18 and a beta of 1.47. The firm's fifty day moving average is C$2.34 and its 200-day moving average is C$1.64.
Insider Buying and Selling
In other Almonty Industries news, Director Michael Lewis Black purchased 50,000 shares of Almonty Industries stock in a transaction that occurred on Friday, March 28th. The stock was acquired at an average price of C$2.17 per share, with a total value of C$108,520.00. Also, Senior Officer Marion Mcgrath sold 30,000 shares of the company's stock in a transaction on Friday, March 28th. The stock was sold at an average price of C$2.19, for a total transaction of C$65,700.00. 39.04% of the stock is owned by insiders.
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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