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

Almonty Industries Inc. (TSE:AII) hit a new 52-week high on Tuesday . The stock traded as high as C$0.97 and last traded at C$0.91, with a volume of 239790 shares trading hands. The stock had previously closed at C$0.88.

Almonty Industries Stock Performance

The firm has a market cap of C$243.09 million, a P/E ratio of -23.50 and a beta of 1.47. The company has a current ratio of 0.77, a quick ratio of 0.11 and a debt-to-equity ratio of 264.14. The company’s 50-day moving average is C$0.79 and its two-hundred day moving average is C$0.70.

Almonty Industries (TSE:AII) last announced its quarterly earnings results on Tuesday, August 13th. The company reported C($0.01) earnings per share for the quarter. Almonty Industries had a negative net margin of 41.34% and a negative return on equity of 24.54%. The business had revenue of C$7.94 million during the quarter. As a group, equities analysts predict that Almonty Industries Inc. will post 0.0199773 EPS for the current fiscal year.

Almonty Industries Company Profile

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.