Almonty Industries (TSE:AII) Upgraded at Texas Capital

Texas Capital upgraded shares of Almonty Industries (TSE:AII) to a strong-buy rating in a research note issued to investors on Thursday,Zacks.com reports.

Almonty Industries Trading Up 2.9%

TSE:AII opened at C$32.07 on Thursday. The company has a quick ratio of 0.11, a current ratio of 3.89 and a debt-to-equity ratio of 45.31. The firm has a 50 day moving average of C$23.69 and a 200 day moving average of C$15.72. Almonty Industries has a 52 week low of C$3.36 and a 52 week high of C$33.35. The stock has a market capitalization of C$9.04 billion, a price-to-earnings ratio of -41.12 and a beta of 2.00.

Almonty Industries (TSE:AII) last issued its earnings results on Thursday, March 19th. The company reported C($0.48) earnings per share (EPS) for the quarter. Almonty Industries had a negative return on equity of 116.13% and a negative net margin of 497.98%.The business had revenue of C$8.72 million for the quarter. As a group, sell-side analysts anticipate that Almonty Industries will post 0.0199773 earnings per share for the current fiscal year.

Almonty Industries Company Profile

Almonty (NASDAQ: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1) is a leading supplier of conflict free tungsten – a strategic metal critical to the defense and advanced technology sectors. As geopolitical tensions heighten, tungsten has become essential for armor, munitions, and electronics manufacturing. Almontys flagship Sangdong Tungsten Mine in South Korea, historically one of the worlds largest and highest-grade tungsten deposits, is expected to supply over 40% of global non-China tungsten production upon reaching full capacity, directly addressing critical supply vulnerabilities highlighted by recent U.S.