Almonty Industries (TSE:AII) Sets New 52-Week High – Still a Buy?

Shares of Almonty Industries Inc. (TSE:AII) reached a new 52-week high on Thursday . The stock traded as high as C$23.67 and last traded at C$22.87, with a volume of 593618 shares. The stock had previously closed at C$22.73.

Almonty Industries Stock Performance

The stock has a market cap of C$5.87 billion, a price-to-earnings ratio of -69.30 and a beta of 1.31. The company has a debt-to-equity ratio of 225.11, a quick ratio of 0.11 and a current ratio of 0.38. The company’s 50 day simple moving average is C$15.38 and its 200 day simple moving average is C$10.94.

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.