Shares of Almonty Industries Inc. (TSE:AII - Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as C$2.61 and last traded at C$2.58, with a volume of 649027 shares traded. The stock had previously closed at C$2.46.
Analyst Upgrades and Downgrades
Separately, B. Riley raised shares of Almonty Industries to a "strong-buy" rating in a research report on Monday, April 14th.
Read Our Latest Stock Analysis on Almonty Industries
Almonty Industries Trading Down 3.4 %
The firm has a market cap of C$743.29 million, a price-to-earnings ratio of -37.02 and a beta of 1.47. The firm's 50-day moving average is C$2.04 and its 200-day moving average is C$1.35. The company has a current ratio of 0.38, a quick ratio of 0.11 and a debt-to-equity ratio of 225.11.
Insiders Place Their Bets
In related news, Director Michael Lewis Black bought 50,000 shares of the company's stock in a transaction on Friday, March 28th. The shares were purchased at an average price of C$2.17 per share, for a total transaction of C$108,520.00. Also, Senior Officer Marion Mcgrath sold 15,000 shares of the firm's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of C$2.10, for a total value of C$31,500.00. In the last ninety days, insiders sold 80,600 shares of company stock valued at $164,560. Corporate insiders own 39.04% of the company's stock.
About Almonty Industries
(
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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').
Further Reading
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