Almonty Industries (TSE:AII) Stock Crosses Above 50-Day Moving Average of $0.65

Almonty Industries Inc. (TSE:AII)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.65 and traded as high as C$0.65. Almonty Industries shares last traded at C$0.64, with a volume of 92,498 shares changing hands.

Almonty Industries Price Performance

The company has a market capitalization of C$170.14 million, a P/E ratio of -12.80 and a beta of 1.39. The business’s 50-day simple moving average is C$0.65 and its 200 day simple moving average is C$0.61. The company has a current ratio of 0.58, a quick ratio of 0.11 and a debt-to-equity ratio of 233.78.

Almonty Industries (TSE:AII) last released its quarterly earnings results on Tuesday, May 14th. The company reported C($0.02) EPS for the quarter. Almonty Industries had a negative return on equity of 21.86% and a negative net margin of 43.91%. The company had revenue of C$7.82 million for the quarter. As a group, sell-side analysts anticipate that Almonty Industries Inc. will post 0.04 EPS for the current year.

About Almonty Industries

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.