Almonty Industries (TSE:AII) Sets New 12-Month High – Time to Buy?

Almonty Industries Inc. (TSE:AIIGet Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$2.18 and last traded at C$2.15, with a volume of 509297 shares trading hands. The stock had previously closed at C$1.91.

Almonty Industries Stock Performance

The firm has a fifty day simple moving average of C$1.06 and a 200-day simple moving average of C$0.90. The company has a quick ratio of 0.11, a current ratio of 0.77 and a debt-to-equity ratio of 264.14. The company has a market cap of C$537.91 million, a PE ratio of -52.00 and a beta of 1.47.

Almonty Industries Company Profile

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Almonty Industries Inc engages in mining, processing, and shipping tungsten concentrate. It owns interests in the Los Santos mine located near Salamanca, Spain; the Panasqueira tin and tungsten mine situated in Covilha and Castelo Branco, Portugal; the Sangdong tungsten mine located in Gangwon Province, Republic of Korea; and the Valtreixal tin and tungsten project located in Zamora province, Western Spain.

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