Almonty Industries (TSE:AII) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Shares of Almonty Industries Inc. (TSE:AIIGet Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.88 and traded as high as C$1.01. Almonty Industries shares last traded at C$0.98, with a volume of 773,200 shares trading hands.

Almonty Industries Trading Down 1.0 %

The stock has a market cap of C$253.44 million, a P/E ratio of -24.50 and a beta of 1.47. The company has a current ratio of 0.77, a quick ratio of 0.11 and a debt-to-equity ratio of 264.14. The company has a 50-day moving average price of C$0.88 and a two-hundred day moving average price of C$0.80.

About Almonty Industries

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Almonty Industries Inc engages in mining, processing, and shipping tungsten concentrate. It owns interests in the Los Santos mine located near Salamanca, Spain; the Panasqueira tin and tungsten mine situated in Covilha and Castelo Branco, Portugal; the Sangdong tungsten mine located in Gangwon Province, Republic of Korea; and the Valtreixal tin and tungsten project located in Zamora province, Western Spain.

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