Almonty Industries (TSE:AII) Stock Price Down 11.8% – What’s Next?

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

Analysts Set New Price Targets

Separately, Texas Capital raised shares of Almonty Industries to a “strong-buy” rating in a report on Thursday, April 16th. Two research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

Almonty Industries Price Performance

The stock has a fifty day moving average of C$24.63 and a 200-day moving average of C$22.47. The firm has a market capitalization of C$5.25 billion, a P/E ratio of -27.64 and a beta of 2.17. The company has a quick ratio of 0.11, a current ratio of 2.45 and a debt-to-equity ratio of 46.54.

Almonty Industries (TSE:AII) last posted 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 company had revenue of C$25.40 million during the quarter. Equities analysts predict that Almonty Industries Inc. will post 0.0199773 EPS for the current fiscal year.

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.