Almonty Industries (TSE:AII) Stock Passes Above Fifty Day Moving Average – Here’s Why

Almonty Industries Inc. (TSE:AII)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$11.89 and traded as high as C$15.92. Almonty Industries shares last traded at C$15.40, with a volume of 885,074 shares.

Almonty Industries Stock Down 0.3%

The company has a market capitalization of C$3.95 billion, a P/E ratio of -46.67 and a beta of 1.27. The company has a debt-to-equity ratio of 225.11, a quick ratio of 0.11 and a current ratio of 0.38. The stock has a 50 day moving average price of C$11.89 and a 200 day moving average price of C$9.21.

Almonty Industries (TSE:AII) last released its earnings results on Monday, November 3rd. The company reported C$0.19 earnings per share for the quarter. Almonty Industries had a negative net margin of 58.44% and a negative return on equity of 37.52%. The firm had revenue of C$8.70 million during the quarter. Equities research analysts forecast that Almonty Industries Inc. will post 0.0199773 earnings per share for the current fiscal year.

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’).