Almonty Industries (TSE:AII) Shares Pass Below 50 Day Moving Average – Should You Sell?

Almonty Industries Inc. (TSE:AII)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$26.79 and traded as low as C$22.52. Almonty Industries shares last traded at C$23.00, with a volume of 519,492 shares changing hands.

Analysts Set New Price Targets

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

Almonty Industries Price Performance

The company has a market capitalization of C$6.53 billion, a P/E ratio of -34.33 and a beta of 2.05. The company has a debt-to-equity ratio of 46.54, a current ratio of 2.45 and a quick ratio of 0.11. The company has a fifty day moving average price of C$26.79 and a 200 day moving average price of C$21.34.

Almonty Industries (TSE:AII) last issued its quarterly earnings data on Monday, May 11th. The company reported C($0.02) EPS for the quarter. The company had revenue of C$25.40 million for the quarter. Almonty Industries had a negative return on equity of 59.18% and a negative net margin of 265.08%. On average, sell-side analysts forecast that Almonty Industries Inc. will post 0.0199773 EPS 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.