Almonty Industries (TSE:AII) Shares Down 11.8% – Time to Sell?

Almonty Industries Inc. (TSE:AII)’s stock price traded down 11.8% during mid-day trading on Wednesday . The stock traded as low as C$19.32 and last traded at C$19.58. 305,288 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 834,743 shares. The stock had previously closed at C$22.19.

Wall Street Analysts Forecast Growth

Separately, Texas Capital upgraded Almonty Industries to a “strong-buy” rating in a research note on Thursday, April 16th. Two investment analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, the company presently has an average rating of “Strong Buy”.

Almonty Industries Trading Down 10.3%

The stock’s 50 day moving average is C$24.99 and its 200-day moving average is C$22.39. The company has a market cap of C$5.65 billion, a P/E ratio of -29.70 and a beta of 2.17. The company has a current ratio of 2.45, a quick ratio of 0.11 and a debt-to-equity ratio of 46.54.

Almonty Industries (TSE:AII) last released its quarterly earnings data on Monday, May 11th. The company reported C($0.02) earnings per share for the quarter. Almonty Industries had a negative net margin of 265.08% and a negative return on equity of 59.18%. The firm had revenue of C$25.40 million for the quarter. Research analysts anticipate that Almonty Industries Inc. will post 0.0199773 earnings per share for the current fiscal year.

About Almonty Industries

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.