Almonty Industries (TSE:AII) Shares Cross Below Fifty Day Moving Average – Time to Sell?

Almonty Industries Inc. (TSE:AII)’s stock price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$9.44 and traded as low as C$7.98. Almonty Industries shares last traded at C$8.48, with a volume of 5,475,442 shares changing hands.

Analyst Upgrades and Downgrades

Separately, DA Davidson raised Almonty Industries to a “strong-buy” rating in a research note on Monday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

Almonty Industries Price Performance

The company’s 50 day simple moving average is C$9.44 and its 200 day simple moving average is C$6.41. The company has a current ratio of 0.38, a quick ratio of 0.11 and a debt-to-equity ratio of 225.11. The stock has a market capitalization of C$1.96 billion, a PE ratio of -25.70 and a beta of 1.28.

Almonty Industries (TSE:AII) last posted its quarterly earnings data on Monday, November 3rd. The company reported C$0.19 earnings per share (EPS) for the quarter. The business had revenue of C$8.70 million for the quarter. Almonty Industries had a negative return on equity of 37.52% and a negative net margin of 58.44%. On average, equities analysts anticipate 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’).