250,235 Shares in Almonty Industries Inc. $ALM Purchased by Marathon Capital Management

Marathon Capital Management purchased a new stake in shares of Almonty Industries Inc. (NASDAQ:ALM) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 250,235 shares of the company’s stock, valued at approximately $1,509,000. Marathon Capital Management owned 0.11% of Almonty Industries at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Banque Cantonale Vaudoise bought a new position in shares of Almonty Industries during the third quarter valued at approximately $54,000. MCF Advisors LLC bought a new stake in shares of Almonty Industries in the 3rd quarter worth approximately $60,000. Oppenheimer & Co. Inc. bought a new stake in shares of Almonty Industries in the 3rd quarter worth approximately $66,000. Fifth Lane Capital LP purchased a new stake in shares of Almonty Industries in the 3rd quarter worth approximately $75,000. Finally, Serenus Wealth Advisors LLC purchased a new stake in shares of Almonty Industries in the 3rd quarter worth approximately $121,000.

Analyst Ratings Changes

A number of brokerages have issued reports on ALM. B. Riley Financial lifted their price objective on Almonty Industries from $10.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, February 13th. DA Davidson set a $25.00 target price on Almonty Industries in a research note on Friday, March 6th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Almonty Industries in a report on Monday, December 29th. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $15.13.

Almonty Industries Trading Down 6.6%

Shares of NASDAQ ALM opened at $19.67 on Friday. The firm’s 50 day moving average price is $13.83 and its 200-day moving average price is $9.18. Almonty Industries Inc. has a 52-week low of $3.16 and a 52-week high of $22.55. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.25 and a current ratio of 2.38. The company has a market cap of $5.48 billion and a PE ratio of -85.52.

Almonty Industries Company Profile

Almonty Industries is a Canada-based mining company focused on the production, development and acquisition of tungsten assets. The company’s principal business activity is the mining and processing of tungsten-bearing ore to produce tungsten concentrates for industrial customers. Almonty pursues both operating mines and advanced-stage development projects with the objective of supplying a critical raw material used in hardmetals, tooling, drilling and other industrial applications.

Almonty’s asset footprint has historically included operating and development projects in Europe and Asia.