Almonty Industries (TSE:AII) Raised to “Strong-Buy” at Jefferies Financial Group

Almonty Industries (TSE:AII) was upgraded by Jefferies Financial Group to a “strong-buy” rating in a report released on Wednesday, Zacks reports.

Almonty Industries Stock Performance

TSE AII opened at C$15.51 on Wednesday. The company has a market cap of C$4.40 billion, a price-to-earnings ratio of -23.15 and a beta of 2.17. Almonty Industries has a twelve month low of C$4.96 and a twelve month high of C$33.35. The company has a quick ratio of 0.11, a current ratio of 2.45 and a debt-to-equity ratio of 46.54. The business’s fifty day moving average is C$18.23 and its 200 day moving average is C$22.89.

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.