Almonty Industries (TSE:AII) Stock Price Down 10.8% – Here’s What Happened

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

Almonty Industries Stock Down 10.0%

The firm’s 50 day moving average price is C$13.38 and its two-hundred day moving average price is C$9.90. The firm has a market capitalization of C$4.45 billion, a PE ratio of -52.61 and a beta of 1.31. 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 posted its quarterly earnings data on Monday, November 3rd. The company reported C$0.19 earnings per share for the quarter. Almonty Industries had a negative net margin of 58.44% and a negative return on equity of 37.52%. The company had revenue of C$8.70 million during the quarter. As a group, research analysts forecast that Almonty Industries Inc. will post 0.0199773 EPS for the current fiscal year.

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.