Almonty Industries (TSE:AII) Stock Price Crosses Below Fifty Day Moving Average – What’s Next?

Almonty Industries Inc. (TSE:AII) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$26.79 and traded as low as C$22.52. Almonty Industries shares last traded at C$23.00, with a volume of 519,492 shares.

Analysts Set New Price Targets

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

Almonty Industries Stock Performance

The company’s 50-day moving average price is C$26.79 and its two-hundred day moving average price is C$21.34. The company has a market cap of C$6.53 billion, a P/E ratio of -34.33 and a beta of 2.05. The company has a current ratio of 2.45, a quick ratio of 0.11 and a debt-to-equity ratio of 46.54.

Almonty Industries (TSE:AII) last released its earnings results on Monday, May 11th. The company reported C($0.02) EPS for the quarter. Almonty Industries had a negative return on equity of 59.18% and a negative net margin of 265.08%.The business had revenue of C$25.40 million during the quarter. As a group, equities analysts forecast that Almonty Industries Inc. will post 0.0199773 earnings per share 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.