Almonty Industries (TSE:AII) Reaches New 12-Month High – Time to Buy?

Almonty Industries Inc. (TSE:AII) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$15.17 and last traded at C$15.00, with a volume of 100493 shares. The stock had previously closed at C$14.46.

Almonty Industries Trading Up 5.6%

The firm’s 50 day simple moving average is C$11.04 and its two-hundred day simple moving average is C$8.86. The stock has a market capitalization of C$3.92 billion, a P/E ratio of -46.27 and a beta of 1.27. 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:AII) last announced its quarterly earnings data on Monday, November 3rd. The company reported C$0.19 EPS for the quarter. Almonty Industries had a negative return on equity of 37.52% and a negative net margin of 58.44%.The firm had revenue of C$8.70 million during the quarter. As a group, analysts forecast that Almonty Industries Inc. will post 0.0199773 earnings per share for the current fiscal year.

Almonty Industries Company Profile

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’).