Almonty Industries (TSE:AII) Trading Down 11.8% – Time to Sell?

Almonty Industries Inc. (TSE:AII)’s share price was down 11.8% on Wednesday . The company traded as low as C$19.32 and last traded at C$19.58. 305,288 shares were traded during trading, a decline of 63% from the average session volume of 834,743 shares. The stock had previously closed at C$22.19.

Wall Street Analyst Weigh In

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

Almonty Industries Stock Down 10.3%

The company has a 50-day moving average of C$24.99 and a two-hundred day moving average of C$22.39. 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 company has a market capitalization of C$5.65 billion, a PE ratio of -29.70 and a beta of 2.17.

Almonty Industries (TSE:AII) last announced its quarterly earnings data on Monday, May 11th. The company reported C($0.02) earnings per share (EPS) for the quarter. The company had revenue of C$25.40 million for the quarter. Almonty Industries had a negative net margin of 265.08% and a negative return on equity of 59.18%. Sell-side analysts anticipate that Almonty Industries Inc. will post 0.0199773 earnings per share for the current fiscal year.

Almonty Industries Company Profile

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.