Almonty Industries Inc. (TSE:AII - Get Free Report)'s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$2.13 and traded as high as C$2.50. Almonty Industries shares last traded at C$2.45, with a volume of 314,617 shares changing hands.
Wall Street Analyst Weigh In
Separately, B. Riley raised shares of Almonty Industries to a "strong-buy" rating in a research report on Monday, April 14th.
Check Out Our Latest Analysis on Almonty Industries
Almonty Industries Price Performance
The company has a quick ratio of 0.11, a current ratio of 0.38 and a debt-to-equity ratio of 225.11. The stock's 50-day simple moving average is C$2.15 and its two-hundred day simple moving average is C$1.47. The company has a market capitalization of C$676.25 million, a price-to-earnings ratio of -33.68 and a beta of 1.47.
Insiders Place Their Bets
In other Almonty Industries news, Senior Officer Marion Mcgrath sold 30,000 shares of the company's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of C$2.19, for a total value of C$65,700.00. Also, Director Michael Lewis Black purchased 50,000 shares of the firm's stock in a transaction on Friday, March 28th. The stock was bought at an average price of C$2.17 per share, for a total transaction of C$108,520.00. Insiders have sold 80,600 shares of company stock worth $164,560 over the last ninety days. Corporate insiders own 39.04% of the company's stock.
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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