Almonty Industries (TSE:AII) Stock Price Down 11.4% – Time to Sell?

Almonty Industries Inc. (TSE:AII)’s stock price traded down 11.4% on Monday . The company traded as low as C$1.64 and last traded at C$1.64. 187,612 shares traded hands during trading, a decline of 63% from the average session volume of 505,102 shares. The stock had previously closed at C$1.85.

Almonty Industries Stock Performance

The company has a market capitalization of C$478.04 million, a price-to-earnings ratio of -23.81 and a beta of 1.47. The company has a current ratio of 0.38, a quick ratio of 0.11 and a debt-to-equity ratio of 225.11. The stock’s 50 day moving average price is C$1.44 and its 200 day moving average price is C$1.05.

Insider Buying and Selling

In other news, Senior Officer Marion Mcgrath sold 31,600 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of C$1.90, for a total transaction of C$60,040.00. Over the last 90 days, insiders sold 50,600 shares of company stock worth $98,860. Company insiders own 39.04% of the company’s stock.

About Almonty Industries

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.