Almonty Industries (TSE:AII) Share Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Almonty Industries Inc. (TSE:AII)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$14.46 and traded as high as C$20.03. Almonty Industries shares last traded at C$19.96, with a volume of 427,684 shares changing hands.

Almonty Industries Stock Up 0.5%

The company has a market cap of C$5.12 billion, a P/E ratio of -60.48 and a beta of 1.31. The stock has a 50-day moving average of C$14.46 and a two-hundred day moving average of C$10.45. The company has a debt-to-equity ratio of 225.11, a quick ratio of 0.11 and a current ratio of 0.38.

Almonty Industries Company Profile

Almonty (NASDAQ: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1) is a leading supplier of conflict free tungsten – a strategic metal critical to the defense and advanced technology sectors. As geopolitical tensions heighten, tungsten has become essential for armor, munitions, and electronics manufacturing. Almontys flagship Sangdong Tungsten Mine in South Korea, historically one of the worlds largest and highest-grade tungsten deposits, is expected to supply over 40% of global non-China tungsten production upon reaching full capacity, directly addressing critical supply vulnerabilities highlighted by recent U.S.