Almonty Industries (TSE:AII) Hits New 12-Month High – Still a Buy?

Almonty Industries Inc. (TSE:AII)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$8.81 and last traded at C$8.76, with a volume of 358312 shares traded. The stock had previously closed at C$8.28.

Wall Street Analyst Weigh In

Separately, DA Davidson raised shares of Almonty Industries to a “strong-buy” rating in a research report on Monday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock has an average rating of “Strong Buy”.

Almonty Industries Price Performance

The company has a debt-to-equity ratio of 225.11, a current ratio of 0.38 and a quick ratio of 0.11. The company’s 50 day moving average is C$6.14 and its 200 day moving average is C$4.19. The stock has a market cap of C$1.84 billion, a price-to-earnings ratio of -15.44 and a beta of 1.32.

Almonty Industries Company Profile

Almonty Industries Inc is engaged in the mining, processing and shipping of tungsten concentrate from its Los Santos tungsten mine located near Salamanca, Spain (the ‘Los Santos Mine’), the processing and shipping of tungsten concentrate from its Panasqueira tin and tungsten mine in Covilha, Castelo Branco, Portugal (the ‘Panasqueira Mine’), the evaluation of its Valtreixal tin and tungsten mine project located in Western Spain in the province of Zamora (the ‘Valtreixal Mine’), as well as the evaluation and expected re-opening of its Sangdong tungsten mine project located in Gangwon Province, Republic of Korea (the ‘Sangdong Mine’).