Almonty Industries (TSE:AII) Sets New 52-Week High – Here’s What Happened

Almonty Industries Inc. (TSE:AII)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as C$29.16 and last traded at C$28.64, with a volume of 196476 shares traded. The stock had previously closed at C$26.75.

Almonty Industries Stock Performance

The firm has a market capitalization of C$7.78 billion, a price-to-earnings ratio of -91.88 and a beta of 1.84. The firm’s 50-day moving average price is C$18.29 and its two-hundred day moving average price is C$12.39. The company has a debt-to-equity ratio of 115.13, a quick ratio of 0.11 and a current ratio of 2.38.

Almonty Industries Company Profile

Almonty (NASDAQ: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1) is a leading supplier of conflict free tungsten – a strategic metal critical to the defense and advanced technology sectors. As geopolitical tensions heighten, tungsten has become essential for armor, munitions, and electronics manufacturing. Almontys flagship Sangdong Tungsten Mine in South Korea, historically one of the worlds largest and highest-grade tungsten deposits, is expected to supply over 40% of global non-China tungsten production upon reaching full capacity, directly addressing critical supply vulnerabilities highlighted by recent U.S.