Almonty Industries (TSE:AII) Stock Price Down 20.1% – Here’s Why

Almonty Industries Inc. (TSE:AII – Get Free Report) shares fell 20.1% during mid-day trading on Friday . The stock traded as low as C$22.88 and last traded at C$22.98. 735,430 shares changed hands during trading, a decline of 17% from the average session volume of 882,390 shares. The stock had previously closed at C$28.75.

Analysts Set New Price Targets

Separately, Texas Capital upgraded shares of Almonty Industries to a “strong-buy” rating in a research note on Thursday, April 16th. Two investment analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Almonty Industries has a consensus rating of “Strong Buy”.

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Almonty Industries Stock Down 20.5%

The company’s 50 day moving average price is C$26.46 and its two-hundred day moving average price is C$19.69. The company has a current ratio of 2.45, a quick ratio of 0.11 and a debt-to-equity ratio of 46.54. The stock has a market cap of C$6.49 billion, a P/E ratio of -34.12 and a beta of 2.04.

Almonty Industries (TSE:AII – Get Free Report) last issued its quarterly earnings data on Monday, May 11th. The company reported C($0.02) earnings per share for the quarter. Almonty Industries had a negative return on equity of 59.18% and a negative net margin of 265.08%.The business had revenue of C$25.40 million during the quarter. Equities analysts forecast that Almonty Industries Inc. will post 0.0199773 earnings per share for the current year.

Almonty Industries Company Profile

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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.

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