Almonty Industries (TSE:AII) Upgraded at DA Davidson

DA Davidson upgraded shares of Almonty Industries (TSE:AII) to a strong-buy rating in a research report released on Monday,Zacks.com reports.

Separately, B. Riley raised Almonty Industries to a “strong-buy” rating in a research report on Monday, April 14th.

Almonty Industries Trading Up 4.2%

Shares of TSE:AII opened at C$6.48 on Monday. The business’s 50-day moving average is C$5.00 and its 200 day moving average is C$3.11. Almonty Industries has a 1 year low of C$1.03 and a 1 year high of C$8.66. The firm has a market capitalization of C$1.89 billion, a P/E ratio of -94.08 and a beta of 1.47. The company has a debt-to-equity ratio of 225.11, a current ratio of 0.38 and a quick ratio of 0.11.

About Almonty Industries

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’).