Almonty Industries (TSE:AII) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

Shares of Almonty Industries Inc. (TSE:AIIGet Free Report) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$0.87 and traded as high as C$0.87. Almonty Industries shares last traded at C$0.87, with a volume of 30,512 shares traded.

Almonty Industries Stock Performance

The company has a debt-to-equity ratio of 264.14, a quick ratio of 0.11 and a current ratio of 0.77. The firm has a market cap of C$224.99 million, a P/E ratio of -21.75 and a beta of 1.47. The company’s 50 day moving average is C$0.87 and its 200 day moving average is C$0.77.

Almonty Industries Company Profile

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Almonty Industries Inc engages in mining, processing, and shipping tungsten concentrate. It owns interests in the Los Santos mine located near Salamanca, Spain; the Panasqueira tin and tungsten mine situated in Covilha and Castelo Branco, Portugal; the Sangdong tungsten mine located in Gangwon Province, Republic of Korea; and the Valtreixal tin and tungsten project located in Zamora province, Western Spain.

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