Almonty Industries (TSE:AII) Stock Price Crosses Below 50-Day Moving Average – What’s Next?

Almonty Industries Inc. (TSE:AII)’s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$1.50 and traded as low as C$1.50. Almonty Industries shares last traded at C$1.59, with a volume of 174,760 shares changing hands.

Almonty Industries Price Performance

The firm has a 50-day simple moving average of C$1.55 and a two-hundred day simple moving average of C$1.10. The company has a market capitalization of C$679.16 million, a price-to-earnings ratio of -33.83 and a beta of 1.47. The company has a current ratio of 0.38, a quick ratio of 0.11 and a debt-to-equity ratio of 225.11.

Insider Activity at Almonty Industries

In other Almonty Industries news, Senior Officer Marion Mcgrath sold 15,000 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of C$2.10, for a total value of C$31,500.00. Over the last ninety days, insiders sold 50,600 shares of company stock worth $98,860. 39.04% of the stock is owned by corporate insiders.

Almonty Industries Company Profile

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.