Almonty Industries (TSE:AII) Trading Up 16.4% – Here’s What Happened

Almonty Industries Inc. (TSE:AIIGet Free Report) was up 16.4% during trading on Wednesday . The stock traded as high as C$1.28 and last traded at C$1.28. Approximately 206,360 shares were traded during trading, a decline of 39% from the average daily volume of 335,746 shares. The stock had previously closed at C$1.10.

Almonty Industries Trading Up 14.5 %

The company has a quick ratio of 0.11, a current ratio of 0.77 and a debt-to-equity ratio of 264.14. The stock has a market capitalization of C$325.85 million, a price-to-earnings ratio of -31.50 and a beta of 1.47. The company’s 50-day moving average is C$0.93 and its 200-day moving average is C$0.83.

Almonty Industries Company Profile

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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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