Almonty Industries (TSE:AII) Stock Rating Upgraded by Jefferies Financial Group

Almonty Industries (TSE:AII) was upgraded by equities research analysts at Jefferies Financial Group to a “strong-buy” rating in a report released on Wednesday, Zacks reports.

Almonty Industries Price Performance

Shares of AII opened at C$15.51 on Wednesday. The stock’s 50-day moving average price is C$18.23 and its two-hundred day moving average price is C$22.89. Almonty Industries has a 12 month low of C$4.96 and a 12 month high of C$33.35. The company has a market capitalization of C$4.40 billion, a PE ratio of -23.15 and a beta of 2.17. The company has a current ratio of 2.45, a quick ratio of 0.11 and a debt-to-equity ratio of 46.54.

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.