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Almonty Industries (TSE:AII) Stock Passes Above 50 Day Moving Average - Time to Sell?

Almonty Industries logo with Basic Materials background

Shares of Almonty Industries Inc. (TSE:AII - Get Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.84 and traded as high as C$0.88. Almonty Industries shares last traded at C$0.85, with a volume of 30,992 shares.

Almonty Industries Price Performance

The firm has a market cap of C$219.82 million, a P/E ratio of -21.25 and a beta of 1.47. The firm's fifty day simple moving average is C$0.84 and its 200 day simple moving average is C$0.74. The company has a debt-to-equity ratio of 264.14, a quick ratio of 0.11 and a current ratio of 0.77.

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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