Almonty Industries (TSE:AII) Share Price Crosses Above Fifty Day Moving Average of $0.64

Almonty Industries Inc. (TSE:AIIGet Rating)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.64 and traded as high as C$0.66. Almonty Industries shares last traded at C$0.64, with a volume of 16,500 shares changing hands.

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 business’s 50-day moving average is C$0.64 and its two-hundred day moving average is C$0.69. The company has a market capitalization of C$145.91 million, a P/E ratio of -9.14 and a beta of 1.60.

Almonty Industries (TSE:AIIGet Rating) last released its quarterly earnings results on Friday, March 31st. The company reported C($0.01) earnings per share for the quarter. The company had revenue of C$6.73 million for the quarter. As a group, analysts predict that Almonty Industries Inc. will post 0.04 earnings per share for the current year.

About Almonty Industries

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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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