Almonty Industries Inc. (TSE:AII - Get Free Report)'s share price was up 10.5% during mid-day trading on Wednesday . The stock 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.
Analyst Ratings Changes
Separately, B. Riley upgraded 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 market capitalization of C$1.13 billion, a price-to-earnings ratio of -56.19 and a beta of 1.47. The company has a 50-day moving average price of C$2.74 and a 200-day moving average price of C$1.97. The company has a debt-to-equity ratio of 225.11, a quick ratio of 0.11 and a current ratio of 0.38.
Insider Transactions at Almonty Industries
In other Almonty Industries news, Director Michael Lewis Black acquired 50,000 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The stock was acquired at an average cost of C$2.17 per share, for a total transaction of C$108,520.00. Also, Senior Officer Marion Mcgrath sold 30,000 shares of the company's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of C$2.19, for a total value of C$65,700.00. Corporate insiders own 39.04% of the company's stock.
Almonty Industries Company Profile
(
Get Free Report)
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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