Almonty Industries (TSE:AII) Trading Down 6.4% – Here’s Why

Almonty Industries Inc. (TSE:AII) dropped 6.4% during trading on Friday . The company traded as low as C$12.05 and last traded at C$12.05. Approximately 324,475 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 607,047 shares. The stock had previously closed at C$12.88.

Almonty Industries Price Performance

The company has a market capitalization of C$3.08 billion, a price-to-earnings ratio of -36.36 and a beta of 1.27. The company has a 50-day moving average price of C$10.43 and a 200-day moving average price of C$8.35. The company has a debt-to-equity ratio of 225.11, a quick ratio of 0.11 and a current ratio of 0.38.

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

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’).