Almonty Industries Inc. (TSE:AII - Get Free Report) dropped 6.6% on Friday . The stock traded as low as C$5.82 and last traded at C$6.04. Approximately 241,690 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 416,861 shares. The stock had previously closed at C$6.47.
Wall Street Analyst Weigh In
Separately, DA Davidson upgraded Almonty Industries to a "strong-buy" rating in a report on Monday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the company has a consensus rating of "Strong Buy".
View Our Latest Stock Analysis on Almonty Industries
Almonty Industries Price Performance
The firm has a market capitalization of C$1.64 billion, a price-to-earnings ratio of -81.45 and a beta of 1.47. The company's 50 day moving average is C$5.24 and its 200-day moving average is C$3.27. The company has a current ratio of 0.38, a quick ratio of 0.11 and a debt-to-equity ratio of 225.11.
Almonty Industries Company Profile
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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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