Almonty Industries (TSE:AII) Stock Price Down 13.2% – Here’s Why

Shares of Almonty Industries Inc. (TSE:AIIGet Free Report) traded down 13.2% on Tuesday . The stock traded as low as C$9.12 and last traded at C$9.49. 220,042 shares were traded during mid-day trading, a decline of 52% from the average session volume of 463,064 shares. The stock had previously closed at C$10.93.

Analysts Set New Price Targets

Separately, DA Davidson upgraded Almonty Industries to a “strong-buy” rating in a research note on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, Almonty Industries currently has a consensus rating of “Strong Buy”.

Read Our Latest Analysis on Almonty Industries

Almonty Industries Stock Down 12.7%

The firm has a market capitalization of C$2.21 billion, a PE ratio of -28.91 and a beta of 1.33. The stock has a 50-day simple moving average of C$9.84 and a 200-day simple moving average of C$6.91. The company has a quick ratio of 0.11, a current ratio of 0.38 and a debt-to-equity ratio of 225.11.

Almonty Industries (TSE:AIIGet Free Report) last posted its quarterly earnings results on Monday, November 3rd. The company reported C$0.19 earnings per share for the quarter. Almonty Industries had a negative return on equity of 37.52% and a negative net margin of 58.44%.The company had revenue of C$8.70 million during the quarter. Analysts forecast that Almonty Industries Inc. will post 0.0199773 EPS for the current year.

Almonty Industries Company Profile

(Get Free Report)

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’).

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