Almonty Industries Inc. (TSE:AII – Get Free Report)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$25.87 and traded as high as C$26.36. Almonty Industries shares last traded at C$25.80, with a volume of 410,528 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Texas Capital upgraded shares of Almonty Industries to a “strong-buy” rating in a research note on Thursday, April 16th. Two research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Strong Buy”.
Check Out Our Latest Stock Analysis on Almonty Industries
Almonty Industries Price Performance
Almonty Industries (TSE:AII – Get Free Report) last posted its quarterly earnings data on Thursday, March 19th. The company reported C($0.48) earnings per share for the quarter. The firm had revenue of C$8.72 million during the quarter. Almonty Industries had a negative net margin of 265.08% and a negative return on equity of 59.18%. As a group, sell-side analysts predict that Almonty Industries Inc. will post 0.0199773 earnings per share for the current year.
About Almonty Industries
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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