Almonty Industries Inc. (TSE:AII - Get Free Report) rose 14.2% during trading on Wednesday . The company traded as high as C$3.71 and last traded at C$3.70. Approximately 869,099 shares changed hands during trading, an increase of 68% from the average daily volume of 517,468 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 note on Monday, April 14th.
View Our Latest Research Report on Almonty Industries
Almonty Industries Stock Up 10.3%
The stock has a 50 day moving average of C$2.77 and a 200-day moving average of C$2.00. The firm has a market capitalization of C$1.24 billion, a P/E ratio of -61.99 and a beta of 1.47. The company has a debt-to-equity ratio of 225.11, a quick ratio of 0.11 and a current ratio of 0.38.
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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