Almonty Industries (TSE:AII) Trading Down 9.6% - Here's Why

Key Points

• Almonty Industries' stock experienced a significant decline, dropping 9.6% to C$5.46, amid lower trading volume compared to its averages.
• Wall Street analysts at B. Riley have upgraded Almonty Industries to a "strong-buy" rating, potentially signaling confidence in the company's future performance.
• The company has a high debt-to-equity ratio of 225.11, and its stock shows negative performance metrics with a P/E ratio of -80.43.
• Almonty Industries is involved in the mining and processing of tungsten concentrates from several mines located in Spain and Portugal, affecting its operational focus and market performance.

Almonty Industries Inc. (TSE:AII - Get Free Report) was down 9.6% during trading on Friday . The stock traded as low as C$5.38 and last traded at C$5.46. Approximately 271,018 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 400,229 shares. The stock had previously closed at C$6.04.

Wall Street Analyst Weigh In

Separately, B. Riley raised Almonty Industries to a "strong-buy" rating in a report on Monday, April 14th.

Almonty Industries Stock Performance

The company has a debt-to-equity ratio of 225.11, a current ratio of 0.38 and a quick ratio of 0.11. The stock has a 50-day simple moving average of C$4.20 and a 200-day simple moving average of C$2.68. The stock has a market cap of C$1.61 billion, a P/E ratio of -80.43 and a beta of 1.47.

Almonty Industries Company Profile

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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