Almonty Industries (TSE:AII) Rating Increased to Strong-Buy at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Almonty Industries (TSE:AII) to a strong-buy rating in a research note released on Wednesday,Zacks reports.

Almonty Industries Stock Performance

Shares of AII stock opened at C$15.51 on Wednesday. The company has a debt-to-equity ratio of 46.54, a quick ratio of 0.11 and a current ratio of 2.45. Almonty Industries has a fifty-two week low of C$4.96 and a fifty-two week high of C$33.35. The stock has a 50 day moving average price of C$18.23 and a two-hundred day moving average price of C$22.89. The company has a market capitalization of C$4.40 billion, a P/E ratio of -23.15 and a beta of 2.17.

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.