Almonty Industries Inc. (TSE:AII – Get Free Report) shares were down 8.4% on Tuesday . The company traded as low as C$16.21 and last traded at C$17.22. 1,080,500 shares traded hands during mid-day trading, an increase of 30% from the average session volume of 830,315 shares. The stock had previously closed at C$18.80.
Analyst Upgrades and Downgrades
Separately, Texas Capital upgraded Almonty Industries to a “strong-buy” rating in a research report on Thursday, April 16th. Two investment analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Strong Buy”.
View Our Latest Stock Analysis on AII
Almonty Industries Stock Down 8.4%
Almonty Industries (TSE:AII – Get Free Report) last posted its quarterly earnings data on Monday, May 11th. The company reported C($0.02) earnings per share for the quarter. The company had revenue of C$25.40 million for the quarter. Almonty Industries had a negative return on equity of 59.18% and a negative net margin of 265.08%. As a group, sell-side analysts forecast that Almonty Industries Inc. will post 0.0199773 earnings per share for the current fiscal 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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