Almonty Industries (TSE:AII) Share Price Passes Above 50-Day Moving Average – What’s Next?

Almonty Industries Inc. (TSE:AII) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$11.89 and traded as high as C$15.92. Almonty Industries shares last traded at C$15.40, with a volume of 885,074 shares trading hands.

Almonty Industries Price Performance

The stock’s fifty day moving average price is C$11.89 and its 200-day moving average price is C$9.19. The firm has a market cap of C$3.95 billion, a PE ratio of -46.67 and a beta of 1.27. The company has a debt-to-equity ratio of 225.11, a current ratio of 0.38 and a quick ratio of 0.11.

Almonty Industries (TSE:AII) last posted its quarterly earnings results on Monday, November 3rd. The company reported C$0.19 earnings per share for the quarter. Almonty Industries had a negative net margin of 58.44% and a negative return on equity of 37.52%. The firm had revenue of C$8.70 million for the quarter. As a group, equities analysts expect that Almonty Industries Inc. will post 0.0199773 EPS for the current fiscal year.

Almonty Industries Company Profile

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’).