Almonty Industries (TSE:AII) Stock Passes Above Fifty Day Moving Average – Time to Sell?

Almonty Industries Inc. (TSE:AII)’s share price 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 company has a quick ratio of 0.11, a current ratio of 0.38 and a debt-to-equity ratio of 225.11. The company has a market capitalization of C$3.95 billion, a price-to-earnings ratio of -46.67 and a beta of 1.27. The stock’s 50-day simple moving average is C$11.89 and its two-hundred day simple moving average is C$9.19.

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