Almonty Industries (TSE:AII) Stock Price Up 22.6% – Here’s Why

Almonty Industries Inc. (TSE:AII)’s share price shot up 22.6% on Tuesday . The stock traded as high as C$1.96 and last traded at C$1.95. 271,839 shares traded hands during mid-day trading, a decline of 45% from the average session volume of 492,487 shares. The stock had previously closed at C$1.59.

Almonty Industries Price Performance

The firm has a market cap of C$679.16 million, a price-to-earnings ratio of -33.83 and a beta of 1.47. The company has a current ratio of 0.38, a quick ratio of 0.11 and a debt-to-equity ratio of 225.11. The stock’s fifty day moving average price is C$1.55 and its 200-day moving average price is C$1.10.

Insider Buying and Selling

In related news, Senior Officer Marion Mcgrath sold 15,000 shares of Almonty Industries stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of C$2.10, for a total value of C$31,500.00. In the last ninety days, insiders sold 50,600 shares of company stock valued at $98,860. 39.04% of the stock is currently owned by insiders.

Almonty Industries Company Profile

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.