Almonty Industries (TSE:AII) Upgraded to “Strong-Buy” at Texas Capital

Almonty Industries (TSE:AII) was upgraded by equities researchers at Texas Capital to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Almonty Industries Price Performance

AII stock opened at C$32.07 on Thursday. The firm’s 50-day moving average price is C$23.69 and its two-hundred day moving average price is C$15.67. Almonty Industries has a 12-month low of C$3.36 and a 12-month high of C$33.35. The stock has a market capitalization of C$9.04 billion, a price-to-earnings ratio of -41.12 and a beta of 2.00. The company has a current ratio of 3.89, a quick ratio of 0.11 and a debt-to-equity ratio of 45.31.

Almonty Industries (TSE:AII) last released its quarterly earnings data on Thursday, March 19th. The company reported C($0.48) earnings per share (EPS) for the quarter. Almonty Industries had a negative net margin of 497.98% and a negative return on equity of 116.13%. The firm had revenue of C$8.72 million during the quarter. As a group, equities analysts predict that Almonty Industries 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.