Almonty Industries Inc. (TSE:AII - Get Free Report)'s stock price rose 10.5% on Wednesday . The company traded as high as C$3.68 and last traded at C$3.58. Approximately 651,111 shares were traded during trading, an increase of 26% from the average daily volume of 515,159 shares. The stock had previously closed at C$3.24.
Analysts Set New Price Targets
Separately, B. Riley raised Almonty Industries to a "strong-buy" rating in a research report on Monday, April 14th.
Check Out Our Latest Stock Report on AII
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 business has a 50-day moving average price of C$2.77 and a two-hundred day moving average price of C$1.99. The company has a market capitalization of C$1.24 billion, a price-to-earnings ratio of -61.99 and a beta of 1.47.
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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