Almonty Industries (TSE:AII) Hits New 52-Week High – Time to Buy?

Almonty Industries Inc. (TSE:AII) shares hit a new 52-week high during trading on Monday . The company traded as high as C$3.20 and last traded at C$3.19, with a volume of 106397 shares trading hands. The stock had previously closed at C$3.11.

Analysts Set New Price Targets

Separately, B. Riley raised shares of Almonty Industries to a “strong-buy” rating in a research report on Monday, April 14th.

Almonty Industries Price Performance

The company has a quick ratio of 0.11, a current ratio of 0.38 and a debt-to-equity ratio of 225.11. The company has a market capitalization of C$941.50 million, a P/E ratio of -46.90 and a beta of 1.47. The company’s 50-day simple moving average is C$2.48 and its 200 day simple moving average is C$1.78.

Insiders Place Their Bets

In other Almonty Industries news, Senior Officer Marion Mcgrath sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of C$2.19, for a total value of C$65,700.00. Also, Director Michael Lewis Black bought 50,000 shares of the firm’s stock in a transaction on Friday, March 28th. The stock was acquired at an average cost of C$2.17 per share, with a total value of C$108,520.00. Insiders own 39.04% of the company’s stock.

About Almonty Industries

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’).