Almonty Industries (TSE:AII) Shares Up 3.4% – Here’s Why

Almonty Industries Inc. (TSE:AII)’s share price was up 3.4% on Friday . The company traded as high as C$0.91 and last traded at C$0.91. Approximately 248,303 shares were traded during mid-day trading, an increase of 117% from the average daily volume of 114,185 shares. The stock had previously closed at C$0.88.

Almonty Industries Stock Up 3.4 %

The firm has a 50 day moving average price of C$0.86 and a two-hundred day moving average price of C$0.76. The firm has a market capitalization of C$235.34 million, a price-to-earnings ratio of -22.75 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.

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.