Almonty Industries (TSE:AII) Share Price Crosses Below 50 Day Moving Average of $0.66

Almonty Industries Inc. (TSE:AII) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.66 and traded as low as C$0.59. Almonty Industries shares last traded at C$0.59, with a volume of 52,491 shares trading hands.

Almonty Industries Trading Up 1.7 %

The business’s 50 day moving average is C$0.66 and its two-hundred day moving average is C$0.62. The company has a quick ratio of 0.11, a current ratio of 0.58 and a debt-to-equity ratio of 233.78. The firm has a market capitalization of C$159.50 million, a P/E ratio of -12.00 and a beta of 1.39.

Almonty Industries (TSE:AII) last issued its quarterly earnings data on Tuesday, May 14th. The company reported C($0.02) earnings per share for the quarter. Almonty Industries had a negative net margin of 43.91% and a negative return on equity of 21.86%. The company had revenue of C$7.82 million for the quarter. Analysts expect that Almonty Industries Inc. will post 0.04 EPS for the current year.

Almonty Industries Company Profile

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.