Almonty Industries Inc. (TSE:AII - Get Free Report)'s share price shot up 9.4% during trading on Wednesday . The stock traded as high as C$7.92 and last traded at C$7.83. 235,812 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 377,479 shares. The stock had previously closed at C$7.16.
Wall Street Analysts Forecast Growth
Separately, B. Riley raised Almonty Industries to a "strong-buy" rating in a report on Monday, April 14th.
Check Out Our Latest Analysis on Almonty Industries
Almonty Industries Stock Performance
The firm has a fifty day simple moving average of C$3.49 and a 200 day simple moving average of C$2.36. The company has a current ratio of 0.38, a quick ratio of 0.11 and a debt-to-equity ratio of 225.11. The stock has a market cap of C$2.28 billion, a price-to-earnings ratio of -113.54 and a beta of 1.47.
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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