Almonty Industries Inc. (TSE:AII - Get Free Report) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$6.02 and traded as low as C$5.99. Almonty Industries shares last traded at C$6.20, with a volume of 183,371 shares trading hands.
Analyst Upgrades and Downgrades
Separately, DA Davidson upgraded shares of Almonty Industries to a "strong-buy" rating in a research report on Monday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, Almonty Industries currently has a consensus rating of "Strong Buy".
Get Our Latest Research Report on Almonty Industries
Almonty Industries Trading Down 1.7%
The company has a market cap of C$1.42 billion, a P/E ratio of -11.87 and a beta of 1.32. The stock's 50-day moving average is C$6.07 and its two-hundred day moving average is C$3.83. 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').
Further Reading
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