Almonty Industries (TSE:AII) Shares Up 10.6% – Here’s What Happened

Almonty Industries Inc. (TSE:AIIGet Free Report) shares traded up 10.6% on Wednesday . The stock traded as high as C$1.62 and last traded at C$1.57. 488,570 shares traded hands during trading, an increase of 30% from the average session volume of 375,940 shares. The stock had previously closed at C$1.42.

Almonty Industries Stock Performance

The stock’s fifty day simple moving average is C$1.00 and its 200-day simple moving average is C$0.87. 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 company has a market capitalization of C$478.43 million, a PE ratio of -46.25 and a beta of 1.47.

Almonty Industries Company Profile

(Get Free Report)

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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