Almonty Industries (TSE:AII) Trading Up 22.6% – Should You Buy?

Almonty Industries Inc. (TSE:AII) shot up 22.6% during mid-day trading on Tuesday . The stock traded as high as C$1.96 and last traded at C$1.95. 271,839 shares changed hands during 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 company has a 50 day simple moving average of C$1.50 and a 200-day simple moving average of C$1.08. The stock has a market cap of C$623.78 million, a price-to-earnings ratio of -31.07 and a beta of 1.47. The company has a quick ratio of 0.11, a current ratio of 0.38 and a debt-to-equity ratio of 225.11.

Insider Buying and Selling at Almonty Industries

In other news, Senior Officer Marion Mcgrath sold 15,000 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of C$2.10, for a total transaction of C$31,500.00. Insiders have sold 50,600 shares of company stock worth $98,860 over the last quarter. 39.04% of the stock is owned by corporate insiders.

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.