Almonty Industries (TSE:AII) Shares Up 11.2% – What’s Next?

Almonty Industries Inc. (TSE:AII)’s stock price was up 11.2% on Friday . The stock traded as high as C$23.12 and last traded at C$23.12. 299,291 shares were traded during trading, a decline of 64% from the average daily volume of 836,613 shares. The stock had previously closed at C$20.80.

Analyst Upgrades and Downgrades

Separately, Texas Capital raised shares of Almonty Industries to a “strong-buy” rating in a report on Thursday, April 16th. Two investment analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, Almonty Industries has an average rating of “Strong Buy”.

Almonty Industries Trading Up 11.2%

The company has a quick ratio of 0.11, a current ratio of 2.45 and a debt-to-equity ratio of 46.54. The stock’s 50 day moving average is C$25.33 and its 200-day moving average is C$22.18. The company has a market cap of C$6.56 billion, a PE ratio of -34.51 and a beta of 2.17.

Almonty Industries (TSE:AII) last issued its quarterly earnings data on Monday, May 11th. The company reported C($0.02) earnings per share for the quarter. The company had revenue of C$25.40 million for the quarter. Almonty Industries had a negative return on equity of 59.18% and a negative net margin of 265.08%. As a group, sell-side analysts anticipate that Almonty Industries Inc. will post 0.0199773 EPS for the current 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.