Almonty Industries (TSE:AII) Trading Down 10.8% – Here’s Why

Almonty Industries Inc. (TSE:AII)’s stock price fell 10.8% during mid-day trading on Thursday . The company traded as low as C$16.80 and last traded at C$17.20. 544,797 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 839,239 shares. The stock had previously closed at C$19.29.

Almonty Industries Stock Performance

The company has a market cap of C$4.83 billion, a price-to-earnings ratio of -57.06 and a beta of 1.31. 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 moving average price of C$13.71 and a 200 day moving average price of C$10.05.

Almonty Industries (TSE:AII) last issued its quarterly earnings data on Monday, November 3rd. The company reported C$0.19 earnings per share (EPS) for the quarter. Almonty Industries had a negative return on equity of 37.52% and a negative net margin of 58.44%.The business had revenue of C$8.70 million during the quarter. As a group, analysts anticipate that Almonty Industries Inc. will post 0.0199773 EPS for the current fiscal year.

About Almonty Industries

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.