Almonty Industries (TSE:AII) Trading Down 6.4% – What’s Next?

Almonty Industries Inc. (TSE:AII)’s share price dropped 6.4% during mid-day trading on Friday . The company traded as low as C$12.05 and last traded at C$12.05. Approximately 324,475 shares changed hands during trading, a decline of 47% from the average daily volume of 607,047 shares. The stock had previously closed at C$12.88.

Almonty Industries Price Performance

The company has a debt-to-equity ratio of 225.11, a current ratio of 0.38 and a quick ratio of 0.11. The firm has a market capitalization of C$3.08 billion, a price-to-earnings ratio of -36.39 and a beta of 1.27. The business’s fifty day simple moving average is C$10.38 and its 200 day simple moving average is C$8.25.

Almonty Industries (TSE:AII) last released its quarterly earnings data on Monday, November 3rd. The company reported C$0.19 earnings per share (EPS) for the quarter. The company had revenue of C$8.70 million for the quarter. Almonty Industries had a negative net margin of 58.44% and a negative return on equity of 37.52%. On average, research analysts forecast that Almonty Industries Inc. will post 0.0199773 EPS for the current year.

Almonty Industries Company Profile

Almonty Industries Inc is engaged in the mining, processing and shipping of tungsten concentrate from its Los Santos tungsten mine located near Salamanca, Spain (the ‘Los Santos Mine’), the processing and shipping of tungsten concentrate from its Panasqueira tin and tungsten mine in Covilha, Castelo Branco, Portugal (the ‘Panasqueira Mine’), the evaluation of its Valtreixal tin and tungsten mine project located in Western Spain in the province of Zamora (the ‘Valtreixal Mine’), as well as the evaluation and expected re-opening of its Sangdong tungsten mine project located in Gangwon Province, Republic of Korea (the ‘Sangdong Mine’).