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Almonty Industries (TSE:AII) Stock Price Passes Above 50 Day Moving Average - Here's Why

Almonty Industries logo with Basic Materials background

Almonty Industries Inc. (TSE:AII - Get Free Report) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.88 and traded as high as C$1.01. Almonty Industries shares last traded at C$0.98, with a volume of 773,200 shares trading hands.

Almonty Industries Price Performance

The company has a debt-to-equity ratio of 264.14, a quick ratio of 0.11 and a current ratio of 0.77. The stock has a market capitalization of C$240.51 million, a price-to-earnings ratio of -23.25 and a beta of 1.47. The business's 50 day simple moving average is C$0.88 and its 200-day simple moving average is C$0.80.

Almonty Industries Company Profile

(Get Free Report)

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

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