Almonty Industries (TSE:AII) Trading Up 11.2% – What’s Next?

Shares of Almonty Industries Inc. (TSE:AII) rose 11.2% during trading on Friday . The stock traded as high as C$23.12 and last traded at C$23.12. 299,291 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 836,613 shares. The stock had previously closed at C$20.80.

Analyst Ratings Changes

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

Almonty Industries Trading Up 11.2%

The company has a debt-to-equity ratio of 46.54, a current ratio of 2.45 and a quick ratio of 0.11. The stock has a market cap of C$6.56 billion, a price-to-earnings ratio of -34.51 and a beta of 2.17. The company’s fifty day moving average price is C$25.33 and its 200-day moving average price is C$22.18.

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