Almonty Industries (OTCMKTS:ALMTF) Shares Cross Above 50 Day Moving Average – Time to Sell?

Almonty Industries Inc. (OTCMKTS:ALMTFGet Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $3.24 and traded as high as $3.2850. Almonty Industries shares last traded at $3.24, with a volume of 53,671 shares trading hands.

Wall Street Analyst Weigh In

Separately, DA Davidson set a $11.00 price objective on Almonty Industries in a research note on Tuesday, October 28th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $11.00.

Check Out Our Latest Research Report on ALMTF

Almonty Industries Stock Up 2.2%

The business has a 50 day moving average price of $3.24 and a two-hundred day moving average price of $3.12.

About Almonty Industries

(Get Free Report)

Almonty Industries Inc engages in mining, processing, and shipping of 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.

Featured Articles

Receive News & Ratings for Almonty Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Almonty Industries and related companies with MarketBeat.com's FREE daily email newsletter.